Rush Corporation Borrowed $25,000 from the Bank

Multiple Choice

Rush Corporation borrowed $25,000 from the bank.Which of the following accurately shows the effects of the transaction?

A) Increase cash $25,000 and decrease notes payable $25,000
B) Increase cash $25,000 and increase notes payable $25,000
C) Decrease cash $25,000 and decrease notes payable $25,000
D) Decrease cash $25,000 and increase notes payable $25,000