A company agrees with Bank Cugats to open a credit line with a total available amount of €30,000 on November 1st 2024. The transaction has some upfront fees of € 500. The company makes the first drawdown of € 10,000 on December 5th 2024. What entry must be posted on December 5th 2024?:

Question

A company agrees with Bank Cugats to open a credit line with a total available amount of  €30,000  on November 1st 2024.  The transaction has some  upfront fees of   € 500. The company makes  the first drawdown of  € 10,000 on December 5th 2024.  What entry must be posted on December 5th  2024?:

Accepted Answer

D: 10,000 (572) Cash in banks; Cr: (5201) Current debt for credit facilities 10,000

Answer

D: 9,500 (572) Cash in banks; Cr: (5201) Current debt for credit facilities 9,500

Answer

D: 30,000 (572) Cash in banks; Cr: (5201) Current debt for credit facilities 30,000

Answer

No entries because there is no pre-stablished payment schedule

Answer

I do not know the answer

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A company agrees with Bank Cugats to open a credit line with a total available a...

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