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C . Decrease an equity account D . Increase an expense account d r d v 1 1 . A shareholder loaned the business $
C Decrease an equity account
D Increase an expense account
A shareholder loaned the business $ to cover initial startup with the agreement the business would repay the principal plus interest in four annual installments after the business reported five profitable years. What type of account would you create to record the receipt of monies from the shareholder?
A Equity
B Other current assets
C Longterm Liabilities
D Income
QuickBooks Online for Canada
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