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Prepare a journal entry with the following information

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Reference no: EM131745651

Hi! I'm trying to prepare a journal entry with the following information:

"Borrowed $12,000 on a term loan payable."

Would I enter it as Cash or Loan Payable first (in the debit column)? And why? I'm having the hardest time understanding some of these.

Reference no: EM131745651

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