at the force - On November 1. Year 1 Simpson Company borrowed $27.000 cash from the City Bank of Springfield. The money is to be repaid on Octo following correctly indicates the effects of the December 31, Year 1 adjustment had on the company's financial statements? Assets Liabilities Equity Revenue : Expense Net Inc. Cash Flow N D N D N Assets Liabilities i Equity Revenue Expense Net Inc. Cash Flow D N D N D D Assets Liabilities Equity Revenue Expense: Net Inc. Cash Flow N N N N Assets Liabilities | Equity Revenue Expense Net Inc. Cash Flow N D N D D N 5.556 points Is to be repaid on October 31, Year 2 along with 10% interest. On December 31. Year 1 the company made the necessary adjusting entry related to this loan. Which of the statements