borrowed 62 000 from the bank for business use

ACCT 2010-Sections 005, 007 Homework: Chapter 2 exercises nents Score: 1 of 10 pts 4 of 10 (4 complete) HW Score: E2-19A (book/static) Assigned Media The following selected events were experienced by either Smith Eldercare Services, Inc., a corporation, or Tony Smith, its major stockholder (Click the icon to view the transactions.) Requirement 1. State whether each event (1) increased, (2) decreased, or (3) had no effect on the total assets of the business. Identify any specific asset an Office Supplies h. Purchased office supplies on account for $1.200. Increased Increased i. Borrowed $62.000 from the bank for use in the business. ync Cash Increased i, Received $12,000 cash and issued stock to a stockholder Choose from any drop-down list and then click Check Answer Fina Clear All All parts showing Previous Tt earch