Question 21 The right side of a T-account is known as the Not yet Select one O a. Assets side O b. Claims side O c. Debit side O d. Credit side Marked aut af 3.00 Flag questian Question 22 A company borrowed $50,000 from a bank. How does this transaction impact the accounting equation? Not yet Select one O a. Assets increase and liabilities increase. O b. Assets increase and stockholders' equity increases. C. Assets decrease and liabilities decrease O d. Assets decrease and stockholders' equity decreases. Marked aut af 3.00 Flag questian Question 23 XYZ Company is preparing the closing entries at the end of its 2016 accounting period and has the following account balances: Service Revenue Salaries Expense Not yet 80.000 22.000 10.000 25.000 Marked aut af 3.00 Flag questian Retained Earnings, 1/1/2016 What is the balance in Retained Earnings after the closing journal entries are made? Select one O a. $25,000 O b. $73,000 . $48.000 O d. $83,000