Cameron Enterprises uses special journals.The company borrowed $10,000 from First Bank.This transaction is recorded in the ________.

Name: Cameron Enterprises uses special journals.The company borrowed $10,000 from First Bank.This transaction is recorded in the ________.
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Question

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The transaction of borrowing money from First Bank is a cash receipts transaction, as the company is receiving cash, and it should be recorded in the cash receipts journal.

Cameron Enterprises Uses Special Journals