12. Why do companies accrue interest owed? a. To reduce the amount owed to lenders b. To adjust notes payable principal amount c. To bring the interest expenses up to date before you prepare financial statements. d. To increase net income e. To record interest receivable 13. Which accounts are affected when the inventory account is adjusted at year end when the physical account is $45,000 and general ledger inventory account is $50,000 ? a. COGS increase $5000 and Purchases decrease $5000 b. General ledger inventory decrease $5,000 and coGS increase $5,000 c. Only inventory decrease $5000 d. COGS decrease and inventory increase