Record each of the following Pebbles Co. events in T-accounts.\ Borrowed

$50,000

cash.\ Repaid

$30,000

principal.\ Paid

$1,000

interest.\ Paid

$50

for gas.\ Performed services for

$5,000

cash.\ Paid a

$250

dividend.\ Closed temporary accounts to Retained Earnings\ Which one of the following is true regarding the first two events?\ Notes Payable is debited for

$50,000

and credited for

$30,000

.\ Cash is credited for

$50,000

and debited for

$30,000

.\ None of these is true.\ Notes Payable is credited for

$50,000

and debited for

$30,000

.

Record each of the following Pebbles Co. events in T-accounts. 1. Borrowed $50,000 cash. 2. Repaid $30,000 principal. 3. Paid $1,000 interest. 4. Paid $50 for gas. 5. Performed services for $5,000 cash. 6. Paid a $250 dividend. 7. Closed temporary accounts to Retained Earnings Which one of the following is true regarding the first two events? Notes Payable is debited for $50,000 and credited for $30,000. Cash is credited for $50,000 and debited for $30,000. None of these is true. Notes Payable is credited for $50,000 and debited for $30,000