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Sweeney, Inc. borrowed $30,000 from the bank by signing a 9-month note payable. The proper accounting treatment of recording the note will increase assets and

Sweeney, Inc. borrowed $30,000 from the bank by signing a 9-month note payable. The proper accounting treatment of recording the note will

increase assets and liabilities.decrease assets and increase liabilities.increase liabilities and owners' equity.increase assets and decrease owners' equity.

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