1. On December 31 2013, Malcolm Corporation accrued interest on a $10000 note payable that it had issued on March 1 2013. The note was a 1 year note with interest at 6 %. How did the year end accrual of interest affect Malcolms financial statements? Multiple Choices!

ohote payable th yeal-und accrual of interest affect Malcolm's financial statement Assets Liabilities Stk RevExpNet Inc. Cash Flow Cash |= | Note |+ Int Equity Ret PayPayEarn A) | (500) |-| NA | + | NA | + | (500) | NA |- | 500 |-(500) B) I NA 1-1 500 | + NA | + | (500 ) | NA D) None of the above | 180 OA 500-1 (500) 500-1 (500) | NA Multiple Choice