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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 t…

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 t…
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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?

asked
User Idik
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2 Answers

4 votes
The accounantin record this entry in there pay cheak
answered
User Sindri Traustason
by
9.1k points
4 votes

Answer:

A.

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

Step-by-step explanation:

answered
User Yzalavin
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8.4k points
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