Knowledge Check 01 Boyd Corporation borrows $300,000 from a bank on March 1, Year 1, by signing a 6 percent, nine-month note for the amount borrowed plus accrued interest due nine months later. On issuance date, this transaction: Multiple Choice increases assets and decreases liabilities. increases assets and increases liabilities. Jy

Knowledge Check 01 Boyd Corporation borrows $300,000 from a bank on March 1, Year 1, by signing a 6 percent, nine-month note for the amount borrowed plus accrued interest due nine months later: On issuance date, this transaction: Multiple Choice increases assets and decreoses liabilites increases assets and increases liabilites Multiple Choice increases assets and decreases liabilities. increases ossets and increases liabilities. decreoses assets and increases liabilies. decreases assets and decreases liablities