Question 1. Assume that the company received $50,000 from a bank as a loan (cash from creditors). Which of the following choices accurately reflects how this event would affect the company's financial statements Statement of Cash Balance Sheet Assets Cash Accounts receivables Liabilities Accounts Payable Notes S 50,000 $ 1. Payable 50,000+ A $ 50,000+ + B $ 50,000 . $ 50,000+ C $ 50,000 50,000 Income Statements Stockholders' Equity Common Stock Retained Earnings Revenue Expense Net Income Flows $ 50,000 OA 50,000 $50,000 -5 50,000 $50,000 OA $ 50,000 FA $ 50,000 FA Question 2. The transactions with annual subscribers will be captured in Team Snap's accounting records mainly in the following account: A. Accounts receivable B. Unearned revenue C. Prepaid expenses D. Investments Question 3. The company collected $27,000 on May 30th, 2017 for 12 months of service which will take place from June of 2017 through May of 2018. Please select the answer that reflects how each of the relevant accounts will be affected by this transaction: Assets Cash Accounts receivables $ 27,000 $ (27,000)- A 27,000 B $ 27,000 C $ 27,000 D 3. 27,000+ 27,000 Balance Sheet Liabilities Accounts Payable Unearned revenue $ 27,000 $ 27,000 Stockholders' Equity Commen Stock . Income Statements Statement of Cash Flows Retained Earnings . 27,000 $27,000 Revenue Expense Net Income S 27,000 $27,000 27,000 $27,000 OA $27,000 OA $ 27,000 OA $27,000 FA 27,000 $27,000 OA Question 4 The company collected $27,000 on May 30th, 2017 for 12 months of service which will take place from June of 2017 through May of 2018. As a result of this transaction, on May 30 Team Snap's accounting equation is affected. How? Assets increased, decreased or remained unchanged? Liability increased, decreased or remained unchanged? Equity increased, decreased or remained unchanged?