Question 20 What effect does collection of payment in advance from a customer have on the accounting equation? O Assets and liabilities would increase. O Total assets, liabilities, and stockholders' equity would not change. Assets and liabilities would decrease. O Assets and stockholders' equity would increase. 2.5 pts 2.5 pts Question 21 Which financial statements would be affected by borrowing from the bank? The income statement, statement of stockholders' equity, balance sheet, and statement of cash flows. O The balance sheet and statement of cash flows only. The balance sheet only. O The statement of stockholders' equity, balance sheet, and statement of cash flows only.