89. To meet its cash flow needs, a company obtained a 6 month bank loan in the amount of $20,000. Annual interest on the loan (note payable) is 10%, payable when the note is due. What would the effect of this transaction on the companys current month accounting equation? A) No effect on Assets; $20,000 decrease in Liabilities; $20,000 increase in Stockholders Equity B) $20,000 increase in Assets; $20,000 increase in Liabilities; No effect on Stockholders Equity C) $20,000 increase in Assets; No effect on Liabilities; $20,000 increase in Stockholders Equity D) No effect on Assets; $20,000 increase in Liabilities; $20,000 decrease in Stockholders Equity