Question 7 Equity Jones Corporation loaned $10,000 cash to one of its suppliers on April 1. Year 2 The money is to be repaid on March 31. Year along with an interest. On December 31. Yeac2jones made the related to this loan. Which of the following correctly indicates the effects of the December 31. Year 2 adjustment had on the companys financial statements? Assets Labilities Revenue Expense Net Inc. Cash Flow N N 1 N Assets Liabilities Revenue Expense | Net Inc. Cash Flow N Assets Liabilities Equity Revenue Expense Net Inc. Cash Flow D Assets Liabilities Equity Revenue Expense Net Inc. Cash Flow Equity N N N