posted by patti .
Impact of a Transaction
The company borrowed $85,000 in cash from Eastern Bank.
a. List the accounts impacted by the transaction.
b. For each account, indicate whether the transaction increased or decreased the account.
c. For each account, indicate how much the transaction increased or decreased the
d. Compute the impact of the transaction on total assets, total liabilities, and total owners’ equity
How do i fiqure this out?