Black Company borrowed $2,000 from Northwest Bank, signing a note. The $2,000 increase in Black Companys cash

Question:

Black Company borrowed $2,000 from Northwest Bank, signing a note.

The $2,000 increase in Black Company’s cash is recorded on the [left /

right] side of its Cash account. In order to show equal totals of right-side and left-side amounts, the corresponding change in the Notes Payable account is recorded on the [left / right] side. Record the two amounts of this transaction in the accounts below. image text in transcribed