Accounts

Katie's Vegetarian Restaurant, with total assets of \$90,000, borrows \$15,000 from the bank. Which of the following is a true statement upon borrowing the money?

Total assets are now \$105,000.

Total assets are now \$80,000.

Total assets are now \$15,000.

Total assets are now \$75,000.

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3. 36
1. I disagree. That 15,000 she borrowed must be repaid.

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posted by Ms. Sue
2. So it is D

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posted by Angela
3. Right. D

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posted by Ms. Sue
4. yes it is D

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posted by lovebug

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