Prepare journal entries for the below transactions. a. Borrowed cash. Paid the bank the amount borrowed in (a). c. The Impact of Growth Analytics journal entry for borrowing cash from bank by signing note and related matters.. Purchased $9,800 of equipment, paying $4,900 in cash and signing a note due to the manufacturer. Notes Payable:.
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1. Borrowed $5,000 from the bank by signing a note. 2. Paid $2,500
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Madero Accounting Services borrowed $5,000 from the bank by
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