Billington Corp borrows $80,000 cash from Second National Bank. How does this transaction affect the accounting equation for Billington? Multiple Choice Assets would decrease $80,000 and liabilities would decrease $80,000 Assets would decrease $80,000 and equity would increase $80,000. Assets would increase $80,000 and equity would decrease $80,000 Bo 3:37 PM 9/7/2020 e TE 0 earch If a company receives $11,400 from a stockholder, the effect on the accounting equation would be: Multiple Choice Assets decrease $11,400 and equity decreases $11.400. Assets increase $11,400 and liabilities decrease $11.400. Assets increase $11,400 and liabilities increase $11,400. e IL Search