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elena-s [515]
3 years ago
6

BRAINLIEST For each of the transactions in items 1 through 5, indicate the effects on the accounting equation elements.

Business
1 answer:
lesya [120]3 years ago
8 0

Answer:

When the company gets cash from a bank loan,

Cash Debits

Bank Loan Account Credits

what happens is that the Assets increase and the Liabilities also increase.

Explanation:

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