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Stear Corp. has taken a loan of $750,000 from a bank. The company's accountant enters the details of the transaction in the journal. The transaction needs to be posted in the ledger. In which accounts
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Stear Corp. has taken a loan of $750,000 from a bank. The company's accountant enters the details of the transaction in the journal. The transaction needs to be posted in the ledger. In which accounts will the accountant record this entry?

User Idik
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2 Answers

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The accounantin record this entry in there pay cheak
User Sindri Traustason
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4 votes

Answer:

A.

Cash in bank account – debit side Loan account – credit side

Step-by-step explanation:

User Yzalavin
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