briannanicolelee1102
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BRAINLIEST For each of the transactions in items 1 through 5, indicate the effects on the accounting equation elements.

2. The company receives cash from a bank loan. - The liability account would do the following:

Question 2 options:

Increase


Decrease


No effect

Respuesta :

henrydesanta

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:

countingstarz0304

Answer:

The correct is A. Increase!

I'm positive =)

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