Question 8 2 pts On October 1 of year 1, a company issued a six-month note payable with an interest rate 6% to its bank in exchange for $250,000. The company's fiscal year ends on December 31. What impact does the payment of the note on March 31 of year 2 have on the accounting equation? O Assets decrease by $250,000 O Shareholders' Equity decreases by $7,500. O Liabilities decrease by $250,000 ( Shareholders' Equity decreases by $3,750. Previous Next