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A company recorded the $25,000 adjusting entry for accrued interest expense on monies it borrowed by debiting revenues and crediting expenses $25,000. Owners' equity is

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A company recorded the $25,000 adjusting entry for accrued interest expense on monies it borrowed by debiting revenues and crediting expenses $25,000. Owners' equity is A. $50,000 understated B. $25,000 understated $25,000 overstated $50,000 overstated E. correctly stated

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