Jack Henry borrowed $897,000 from Walt Bank to open a new bike store called Wooden Wheels. Jack transferred $603,000 of the cash he borrowed to Wooden Wheels on the first day of the year. Which of the following appropriately reflects the cash transactions between these reporting entities?

A. B. C. D. Jack Henry $294,000 increase $897,000 increase $897,000 decrease $603,000 increase Wooden Wheels $603,000 increase $603,000 increase $897,000 increase $294,000 increase Walt Bank $897,000 decrease $294,000 decrease $603,000 decrease $897,000 decrease