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ABC Company Needed Money to Purchase a New Building

Question 1

Multiple Choice

ABC Company needed money to purchase a new building. They borrowed $20,000 from the Richest Bank and signed a note promising to pay the amount back in three months. The entry to record the loan is:


A) ABC Company needed money to purchase a new building. They borrowed $20,000 from the Richest Bank and signed a note promising to pay the amount back in three months. The entry to record the loan is: A) B) C) D)
B) ABC Company needed money to purchase a new building. They borrowed $20,000 from the Richest Bank and signed a note promising to pay the amount back in three months. The entry to record the loan is: A) B) C) D)
C) ABC Company needed money to purchase a new building. They borrowed $20,000 from the Richest Bank and signed a note promising to pay the amount back in three months. The entry to record the loan is: A) B) C) D)
D) ABC Company needed money to purchase a new building. They borrowed $20,000 from the Richest Bank and signed a note promising to pay the amount back in three months. The entry to record the loan is: A) B) C) D)

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