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11. What would the journal entry be for a company that takes out a five-year, $100,000 business loan? v. Debit $100,000 non-current asset, Credit $100,000

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11. What would the journal entry be for a company that takes out a five-year, $100,000 business loan? v. Debit $100,000 non-current asset, Credit $100,000 noncurrent liabilities w. Debit $100,000 current asset, Credit $100,000 noncurrent liabilities x. Debit $100,000 non-current liabilities, Credit $100,000 non-current assets y. Debit $100,000 current liabilities, Credit $100,000 current assets

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