Question 47 quarterly report for March 31. Which of the On January 1. Bloomingdale, Inc borrows $92000 from First Estate Bank The loan is due in one year along with 4% interest. The company is preparing following best describes the necessary accrual for interest expense? $3,680 decrease liabilities, decrease cash $3680 increase expenses, decrease cash $ 920 decrease abilities, decrease cash $920 increase abities, increase expenses