What will be the journal entry for the transaction below: "borrowed $700 cash from bank on a note payable"?

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The correct journal entry to reconcile the interest earned on a bank balance is:...
Posted by:
abdelaziz allam
10-February-2016

Accounting Auditing Bank Financing Banking Finance

Question added by Zulfikar Dipto
Date Posted: 2017/05/20

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1 Answers

by jahidur rahman

Cash (debit) 700

Note Payable (credit) 700

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