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Question 20 (1 point) Our company borrowed $100,000 by issuing a 3% note that matures in 5 years. How does this event affect our financial

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Question 20 (1 point) Our company borrowed $100,000 by issuing a 3% note that matures in 5 years. How does this event affect our financial statements? Cash and Notes Payable both increase by $115,000 Interest Payable and Cash both increase by $15,000 Interest Payable increases and Cash decreases by $15,000 Cash and Notes Payable both increase by $100,000

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