Tandem Company Borrowed $32,000 of Cash from a Local Bank

Multiple Choice

Tandem Company borrowed $32,000 of cash from a local bank.Which of the following choices accurately reflects how this event affects the accounting equation?
$\begin{array}{|c|c|c|c|c|c|c|c|}\hline & \text { Assets } & = & \text { Liabilities } & + & \begin{array}{c}\text { Common } \\\text { Stock }\end{array} & + & \begin{array}{c}\text { Retained } \\\text { Earnings }\end{array} \\\hline \text { A } & \text { NA } & = & 32,000 & + & \text { NA } & + & 32,000 \\\hline \mathrm{B} . & 32,000 & = & \mathrm{NA} & + & 32,000 & + & \mathrm{NA} \\\hline \mathrm{C} . & 32,000 & = & \mathrm{NA} & + & \mathrm{NA} & + & 32,000 \\\hline \mathrm{D} . & 32,000 & = & 32,000 & + & \mathrm{NA} & + & \mathrm{NA} \\\hline\end{array}$

A) Option A
B) Option B
C) Option C
D) Option D