June

4. Borrowed

$19,000

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