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As interest is recorded on an interest - bearing note, the Interest Expense account is Question 1 2 options: decreased; the Interest Payable account is
As interest is recorded on an interestbearing note, the Interest Expense account is
Question options:
decreased; the Interest Payable account is increased.
increased; the Notes Payable account is increased.
increased; the Notes Payable account is decreased.
increased; the Interest Payable account is increased.
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