Question 5 Not yet answered Marked out of 1.00 Your city borrows $50,000 (notes payable) to purchase an asset and pays $40,000 in cash for use in its overal general purpose. What should be the CREDIT entry reported in the general fund? Assume that this asset was properly budgeted this year. Flag Question O a $50,000 in cash and $40,000 in notes payable Ob $40,000 in cash and $50,000 in other financing sources - debt Oc. $40,000 in cash and $50,000 in notes payable d. $90,000 cash F Oe $50,000 in cash and $40,000 in other financing sources - debt