Tandem Company borrowed $32,000 of cash from a local bank. Which of the following choices accurately reflects how this event affects the accounting equation? Assets Option A Option B A. NA B. 32,000 = NA C. 32,000 = D. 32,000 = 32,000 Option C = Option D Liabilities = 32,000 + Common Stock + NA +32,000 + NA + NA + Retained Earnings + 32,000 + NA + 32,000 + NA

Tandem Company borrowed $32,000 of cash from a local bank. Which of the following choices accurately reflects how this event affects the accounting equation Option A Option B Option C Option D