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Mrs. Sharma fulfilled her life dreams by investing $50,000 in a new cake baking business plus she took a business loan of $5,000. The

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Mrs. Sharma fulfilled her life dreams by investing $50,000 in a new cake baking business plus she took a business loan of $5,000. The journal entry would be: A. Debit Cash $50,000; Credit Capital $50,000 B. Debit Capital $55,000; Credit Cash $50,000 and Credit Bank Loan $5,000 C. Debit Cash $55,000; Credit Capital $50,000 and Credit Bank Loan $5,000 D. Debit Cash $55,000; Credit Loan $50,000 and Capital $5,000

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