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19 (1 point) A company repaid a $5,000 loan with $1,000 in cash and the remaining through a check. How do the accounts change? Question
19 (1 point) A company repaid a $5,000 loan with $1,000 in cash and the remaining through a check. How do the accounts change? Question 19 options: a) Loan Payable (liability) decreases by $5,000 (debit), Cash (asset) decreases by $1,000 (credit), and Bank Account (asset) decreases by $4,000 (debit). b) Loan Payable (liability) decreases by $5,000 (credit), Cash (asset) decreases by $1,000 (debit), and Bank Account (asset) decreases by $4,000 (credit). c) No entry will be passed d) Both A and B are correct
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