ing Time 24 minutes 22 seconds Question Complete Stanac QUESTION 22 On December 31 Toby's Secret Name Corp borrowed a six month loan of $72,000 from Citibank. The accountant recorded this ansaction by increasing cash and long term debt. If this mistake was corrected, which of the following effects is correct (assuming no. Sa and the ical year end is December 31 O Long term lability decreases by 72.000 0 Camere labity decreases by 72,000 Only ones by 72.000 O Cases by 72.000 2.5 points