Business, 22.11.2019 20:31 jamarstand

Winkler company borrows $85,000 and pledges its receivables as security. the journal entry to record this transaction would be:
a. debit cash of $85,000 and credit accounts receivable $85,000.
b. debit note receivable $85,000 and credit accounts receivable $85,000.
c. debit accounts receivable $85,000 and credit notes payable $85,000.
d. debit cash $85,000 and credit notes payable $85,000.
e. debit cash of $85,000 and credit accounts payable $85,000.

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Winkler company borrows $85,000 and pledges its receivables as security. the journal entry to record...