Winkler Company borrows $85,000 and pledges its receivables as security. The journal entry to record this transaction would be Multiple Choice Debit Cash of $85,000 and credit Accounts Receivable $85,000. Debit Cash of $85,000 and credit Accounts Payable $85,000. Debit Note Receivable $85,000 and credit Accounts Receivable $85,000. Debit Cash $85.000 and credit Notes Payable $85,000 Debit Accounts Receivable $85.000 and credit Notes Payable $85.000