When a company borrows money from the bank, with loan terms requiring repayment over

the next $5$ years, which of the following is true?

There is an increase in liabilities and increase in assets

There is increase in liabilities and increase in expenses

There is an increase in liabilities and increase in revenues

There is an increase in liabilities and increase in dividends

There is an decrease in liabilities and increase in common stock

This is not a recordable transaction