Brunswick borrows $50,000 cash from Third National Bank. How does this transaction affect the accounting...
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Brunswick borrows $ cash from Third National Bank. How does this transaction affect the accounting equation for Brunswick? Multiple Choice Assets increase by $; liabilities increase by $; no effect on equity. Assets increase by $; no effect on liabilities; equity increases by $ No effect on assets; liabilities increase by $; equity increases by $ No effect on assets; liabilities increase by $; equity decreases by $ 
Brunswick borrows $ cash from Third National Bank. How does this transaction affect the accounting equation for Brunswick?
Multiple Choice
Assets increase by $; liabilities increase by $; no effect on equity.
Assets increase by $; no effect on liabilities; equity increases by $
No effect on assets; liabilities increase by $; equity increases by $
No effect on assets; liabilities increase by $; equity decreases by $
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