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Sensational Swimwear Company borrowed $60,000 from the bank and used all the money to re-design its new store. The company's Balance Sheet should show this

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Sensational Swimwear Company borrowed $60,000 from the bank and used all the money to re-design its new store. The company's Balance Sheet should show this as a. $60,000 under Supplies Inventory and $60,000 under Accounts Payable. b. $60,000 under Other Assets and $60,000 under Other Liabilities. c. $60,000 under Property, Plant \& Equipment and $60,000 under Notes Payable. d. $60,000 under Prepaid Expenses and $60,000 under Accrued Liabilities

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