Question: 2 3 Multiple Choice 6 points On November 1 , Haley Co borrowed $ 1 3 0 , 0 0 0 from Washington Capital Bank

23 Multiple Choice 6 points
On November 1, Haley Co borrowed $130,000 from Washington Capital Bank by signing a 8-month, 4% note payable. What is the effect on the accounting equation for Haley Co ?
Assets Increase by $130,000, Liabilities Decrease by $130,000
Assets Decrease by $130,000, Liabilities Increase by $130,000
Assets Increase by $130,000, Liabilities Increase by $130,000
Assets Decrease by $130,000, Liabilities Decrease by $130,000
2 3 Multiple Choice 6 points On November 1 ,

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