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Jones Corporation and 510.000 cash to one of its suppliers on April 1. 2. The money is to be repaid on March 31. Year 3

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Jones Corporation and 510.000 cash to one of its suppliers on April 1. 2. The money is to be repaid on March 31. Year 3 along with interest. On December stacjones made the appropriate adjusting entry related to this loan. Which of the following correctly indicates the effects of the December 31. Year 2 adjustment had on the company's financial statement! Assets Liabilities Equity Revenue Expense Net Inc. Cash Flow N N Assets Liabilities Equity Revenue Expense Net Inc. Cash Flow N Assets Liabilities Equity Revenue Expense Net Inc. Cash Flow N N N N Assets Liabilities Equity Revenue Expense Net Inc. Cash Flow 1 N N O D

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