Obtained a long-term loan of $186,000 from the BitiBank.

kklister Posts: 1, Reputation: 1

New Member

Feb 26, 2012, 06:18 PM

Obtained a long-term loan of $186,000 from the BitiBank.

How do I post this to a general journal?

pready Posts: 3,197, Reputation: 207

Ultra Member

Feb 26, 2012, 06:23 PM

Debit Cash for the amount received
Credit Notes Payable for the amount received

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