Question

WHAT HAPPENS WHEN A COMPANY RECEIVES CASH THROUGH A BANK LOAN

Answer 1

Answer:The company's asset account Cash increases. The company's liabilities (such as Notes Payable or Loans Payable) have increased. Owner's (Stockholders') Equity is not involved in this transaction.

Explanation:

Answer 2

The company's asset account Cash increases. The company's liabilities (such as Notes Payable or Loans Payable) have increased. Owner's (Stockholders') Equity is not involved in this transaction.