Question: Arrow Corporation borrowed $ 4 5 , 0 0 0 from the bank. Which of the following accurately shows the effects of the transaction? increase

Arrow Corporation borrowed $45,000 from the bank. Which of the following accurately shows the effects of the transaction?
increase notes payable $45,000 and decrease cash $45,000
decrease notes payable $45,000 and decrease cash $45,000
decrease notes payable $45,000 and increase cash $45,000
increase notes payable $45,000 and increase cash $45,000
Arrow Corporation borrowed $45,000 from the bank. Which of the following

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