Question: ABC borrows $ 5 , 0 0 0 from the bank. How does this transaction affect its balance sheet? Group of answer choices Cash increases

ABC borrows $5,000 from the bank. How does this transaction affect its balance sheet?
Group of answer choices
Cash increases and Borrowings (Liability) increases.
Cash increases and Borrowings (Liability) decreases.
Cash decreases and Borrowings (Liability) increases.
Cash decreases and Borrowings (Liability) decreases.

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