Asset Liability 6. Is a bank loan Liability Asset 10. Which account is debited if a customer pays 300 by check? r- Accounts receivable 17. A busines r Accoun r Cash Cash aecountrsines is started with 5,000cash from the owner paid into the bunk account w 11.A business is account is credited? Fix Cash capital 19. C 2. Faulty equipment for 200 is returned to the supplier. Assuming the equipment has not been depreciated, which account is the credit entry made to? ye - Fixed assets Accounts payable 13. Cash of 100 is taken from the bank account of the business and placed into petty cash, whic account is credited? - Petty cash cash 14. A supplier is paid 500 by check, is the cash account debited or credited? credited Debited 15. A loan principal repayment of 400 is made using a direct transfer from the bank, do you deb or credit the loan account? Debit Credit