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On June 30, 2020, Yellow&White Consulting Company received bank loan from H&L Bank, $30,000, Which of the following is the correct journal entry for this

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On June 30, 2020, Yellow&White Consulting Company received bank loan from H&L Bank, $30,000, Which of the following is the correct journal entry for this transaction, if any? A Cash account is debited by $30,000; Bank Loan account is credited by $30,000 B. Bank Loan account is debited by $30,000, Cash account is credited by 530,000 C Cash account is debited by $30,000; Note Payable account is credited by 530,000 D. None of these. E. Note Payable account is debited by $30,000, Cash account is credited by $30,000

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