TB MC Qu. 09-145 (Algo) Winkler Company borrows... Winkler Company borrows $108,000 and pledges its receivables as security. The journal entry to record this transaction would be: Multiple Choice. Debit Cash of $108,000 and credit Accounts Receivable $108,000. Debit Cash of $108,000 and credit Accounts Payable $108,000. Debit Notes Receivable $108,000 and credit Accounts Receivable $108,000. Debit Cash $108,000 and credit Notes Payable $108,000. Debit Accounts Receivable $108,000 and credit Notes Payable $108,000.