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Business, 20.10.2020 03:01 anyawebb06

If your business receives a loan for $40,000, what account will you debit and what
account will you credit?
A. Debit Notes Payable and Credit Cash
B. Debit Cash and Credit Expenses
C. Debit Accounts Payable and Credit Cash
D. Debit Cash and Credit Notes Payable

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Answers: 2

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