Phillips_PLL_6e_Chapo2_PPT.pptx Philips PLL 6e Chap02 PPT.pptx Liabilities + Stockholders' Equity Assets (b) Logo Trademark +$300 Cash -$300 Step 1: Analyze Transactions (c) (c) Obtain Loan from Bank. Noodlecake borrows $20,000 from a bank, depositing those funds in its bank account and signing a formal agreement to repay the loan in two years (on August 3, 2020) 1 Noodlecake receives $20,000 Cash. Noodlecake gives a note, payable to the bank for 2 + Stockholders' Equity Assets (c) Cash $20,000 Liabilities Note Payable $20,000 (long-term) Step 1: Analyze Transactions (d) (d) Inves: CMIMI