connect. ACCOUNTING Exam 3 (Chapters 8,9&10) Question 3 (of 60) 3. 200 points MC

Question

connect. ACCOUNTING Exam 3 (Chapters 8,9&10) Question 3 (of 60) 3. 200 points MC Qu 129 Winkler Company borrows Winkler Company borrows $104 ,000 and pledges its receivables as security The journal entry to record this transaction O Debn Cash of $104,000 and credit Accounts Receivable $104,000 O Debit Cash of $104,000 and credis Accounts Payable $104.000 O Debit Cash $104,000 and credit Notes Payable $104,000 O Debit Accounts Recevable $104,000 and credt Notes Payable $t04000 O Debit None Receivable $104,000 and credt Accounts Recevable $104,000 Multuiple Choice Officuty 2 Mediun MC Ou. 129 Winikdler Company borrows Learning Objective 09-C3 Explain how ype here so search LG

Explanation / Answer

Debit Cash $104,000 and credit Notes Payable $104,000 Option 3 is correct

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