Question 10 3.57 pts On December 31, 2018, Malcolm Corporation accrued interest on a $10,000 note payable that it had issued on March 1, 2018. The note was a 1-year note with interest at 6%. How did the year-end accrual of interest affect Malcoln's financial statements? 2 Notes Payable increased by $500 Interest Payable increased by $500 Notes Payable decreased by $500 Interest Payable decreased by $500