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Mac, Inc. purchased a truck on October 1, 2011 in exchange for a 12-month, 9%, $100,000 note. What effect does the October 31, 2011 adjusting

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Mac, Inc. purchased a truck on October 1, 2011 in exchange for a 12-month, 9%, $100,000 note. What effect does the October 31, 2011 adjusting entry for interest have on the company's total assets? Select one: a. increase b. no effect decrease On November 1 2011 Frinate Shinnina Caminonharmant Annnnn

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