Knowledge Check 01 On April 10, Cary's Carpet Cleaning, Inc. borrows $15,000 from a bank, depositing those funds in its bank account and signing a formal agreement to repay the loan in one year. Prepare the appropriate journal entry for this transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the $15,000 bank borrowing made by signing a formal agreement to repay the loan in one year ...... Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal