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4. Borrowed $ cash, signing a note payable. The asset, Cash, is ; therefore, credit debit Cash. The liability, Note Payable, is increased decreased ;

4. Borrowed $ cash, signing a note payable. The asset, Cash, is ; therefore, credit debit Cash. The liability, Note Payable, is increased decreased ; therefore, debit credit Note Payable. Part 2 Prepare the journal entry. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts Debit Credit Supplies

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