Remaining Time! 1 hour, 14 minutes, 23 seconds. Question Completion Status: QUESTION 17 An $8,000 debit to Accounts Payable could correspond to a payment to a supplier. True False QUESTION 18 When a business borrows money from a bank, the immediate effect is an increase in total assets and a decrease in liabilities or owners! equity. True False QUESTION 19 At December 31, 2019, if Accounts Payable are $16,000, Land is $240,000, Building is $180,000, Retained Earnings is $160,000, Accounts Receivable is $40,000, Equipment is $120,000, Notes payable is $190,000, and Cash is $86,000, then Capital Stock is $200,000, True False