Question: Question 83 (1 point) How does Santa record the December 1 transaction? (1 mark) a) increase both Cash and Retained Earnings b) increase both

Question 83 (1 point) How does Santa record the December 1 transaction? (1 mark) a) increase both Cash and Retained Earnings b) increase both Cash and Bank Loan Payable c) no entry needed until the loan is paid d) increase both Cash and Owner's Equity e) increase both Cash and Accounts Payable

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