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Please add explanations A-1. Consider the following transactions: (a) Borrowed cash on a note payable, $80,000. (b) Provided services on account, $10,000. (c) Received cash

Please add explanations
A-1. Consider the following transactions: (a) Borrowed cash on a note payable, $80,000. (b) Provided services on account, $10,000. (c) Received cash from a customer as payment on account, $8,000. (d) Received a utility bill, $1,200. Total liabilities are: A. $1,200. B. $81,200. C. $98,000. D. $80,000

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