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14 RST borrowed $25,000 from the bank. Which of the following accurately shows the effects of the transaction? a. Increase cash $25,000 and decrease notes
14 RST borrowed $25,000 from the bank. Which of the following accurately shows the effects of the transaction? a. Increase cash $25,000 and decrease notes payable $25,000 Ob. Increase cash $25,000 and increase notes payable $25,000 Oc. Decrease cash $25,000 and decrease notes payable $25,000 Od. Decrease cash $25,000 and increase notes payable $25,000 QUESTION 15 Anderson Inc receives $5,000 cash for fees earned What is the effect of this transaction? Oa. Total assets will increase and total stockholders' equity increases Ob. Stockholders' equity will remain unchanged and only assets will increase Oc. Both assets and stockholders' equity will decrease Od. Liabilities will decrease and assets will increase
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