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orrowed $5,000 from the bank. Bike Mail will pay the loan back to the bank in 3 months. The bank will charge Bike Mail $20
orrowed $5,000 from the bank. Bike Mail will pay the loan back to the bank in 3 months. The bank will charge Bike Mail $20 interest per month Account Name Debit Credit A. Note Payable 5,020 Cash 15,020 B. Retained Earnings 2,000 Accounts Payable 2,000 C. Supplies Expense 2,000 Cash 2,000 D. Supplies Expense 12,000 Accounts Payable 2,000
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