Borrowing $10 000 from the bank to purchase new machinery will result in a (debit/credit)_________ entry to the asset machinery account and a (debit/credit)_________ entry to the liability bank loan account.

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The Answer of Borrowing $10 000 from the bank to purchase new machinery will result in a (debit/credit)_________ entry to the asset machinery account and a (debit/credit)_________ entry to the liability bank loan account.

Borrowing $10 000 from the Bank to Purchase New Machinery