Question: Please show which ones are the correct answer, No need for an explanation, thanks Bank Loan Payable The company paid $2,000 Example on its bank

Please show which ones are the correct answer, No need for an explanation, thanksPlease show which ones are the correct answer, No need for an

Bank Loan Payable The company paid $2,000 Example on its bank loan, which included $150 of interest Interest Expense Cash 1 The company borrowed $250,000 from the bank. Cash Bank Loan Payable 2 The company purchased a building for a total of $150,000 by issuing common shares Cash Common Shares 3 The company paid $2,400 for a one-year insurance policy for the building Prepaid Insurance Cash 4 Purchased $200,000 inventory on account Inventory Accounts Payable 6 5 The cost of the inventory that was sold to customers was $142,000 Cost of Goods Sold Inventory 09 6 Customers paid $5,000 in advance for goods that will be delivered later. Cash Sales Revenue 7 Paid $75,000 on account due to suppliers [from #4). Accounts Payable Cash 8 The board of directors declared dividends of $2,000 in December, to be paid in January Dividends Declared Dividends Payable

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