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Question 22 (2 points) Which accounts are affected, and in which direction, by the following business activity? Use account names from the expanded accounting
Question 22 (2 points) Which accounts are affected, and in which direction, by the following business activity? Use account names from the expanded accounting equation. Select all that apply. Paid off your loan of $10,000 using cash. 1) No entry required 2) Increase Accounts Payable 3) Increase Interest Expense 4) Decrease Loan Payable 5) Increase Bank Loan Expense 6) Increase Cash 7) Increase Loan Payable 8) Decrease Cash 9) Decrease Interest Expense 10) Increase Accounts Receivable 11) Decrease Accounts Payable 12) Decrease Accounts Receivable
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