An Entity Repays $2000 of an Existing Bank Loan

question 3

Multiple Choice

An entity repays $2000 of an existing bank loan. The transaction is recorded as:

• A) DR Bank loan $2000; CR Owner's capital $2000
• B) DR Cash $2000; CR Accounts payable $2000
• C) DR Cash $2000; CR Bank loan $2000
• D) DR Bank loan $2000; CR Cash $2000

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Definitions:

Manage Conflict

The process of identifying and addressing differences that threaten the harmony of a group or organization, aiming at positive resolution.

Surrendering

The act of yielding or giving up control, often in a context of conflict, to another party.

Bullying Behavior

Refers to repeated aggressive actions or threats by an individual or group intended to harm or intimidate another individual, which can be physical, verbal, or psychological.

Verbal Tirade

A long, angry speech of criticism or accusation.