indy is a sole proprietor of a day care. She wishes to build a new playground and also purchase new toys. She plans on doing this in stages and therefore wants a commercial line of credit. On February 1,2023 Cyndy tains a commercial line of credit for $100,000 and on March 1, 2023 she withdraws $30,000. On April 1, 2023, Cyndy pays back $10,000. Which of the following is the correct reason, and correct journal entry to cognize when Cyndy obtains the commercial line of credit on February 1, 2023? Multiple Cholce Cyndy recognizes in her own personal financial records a debit to Cash of $100,000 and credit to Notes Payable $100,000 because she has unlimited liability for repayment of the debt. Cyndy recognizes in her own personal financial records a debit to Notes Receivable of $100,000 and credit to Notes Payable $100,000 because Cyndy has unlimited liability for repayment of the debt. Neither Cyndy personally, nor the day care sole proprietorship, recognize a journal entry in their accounting records because there is no debt to pay back yet. The day care sole proprietorship recognizes a debit to Notes Receivable of $100,000 and credit to Notes Payable $100,000 because Cyndy has unlimited liability for repayment of the debt. None of the other choices are correct