TRANSACTION ANALYSIS: Below are selected business transaction that occurred during 2018 for Reading Railroad Construction Company. Reading Railroad sells replacement parts and railroad cars in the transportation industry. Please record the following journal entries. Note: Journal entries that share the same number ( 1A,1B,1C, etc.) are related to each other. Q29. Transaction 4- October 1,2018: Reading Railroad borrowed $100,000 from Commercial Bank and signed an interest-bearing note payable. The company will use the money to buy equipment. The note was for three years and specified 8 percent annual interest payable at the maturity date of the note. The appropriate transaction to record the borrowing of funds should be: A. Debit: Equipment; Credit: Cash. B. Debit: Cash; Credit: LT Notes Payable. C. Debit: Notes Payable; Credit: Equipment. D. Debit: Equipment; Credit: LT Notes Payable. QUESTION 30 TRANSACTION ANALYSIS: Below are selected business transaction that occurred during 2018 for Reading Railroad Construction Company. Reading Railroad sells replacement parts and railroad cars in the transportation industry. Please record the following journal entries. Note: Journal entries that share the same number (1A,1B,1C, etc.) are related to each other. Q30. Transaction 5- October 1,2018: Reading Railroad received a $2,000,000 deposit from a customer to design and build a custom luxury dining train car. The delivery of the order is expected in 10 months. The appropriate transaction to record the receipt of the customer's deposit should be: A. Debit: Cash; Credit: Service Revenue. B. Debit: Unearned Revenue; Credit: Cash. C. Debit: Unearned Revenue; Credit: Service Revenue. D. Debit: Cash; Credit: Unearned Revenue