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Sadowski Brick Company borrows $500,000, on a 6%, 9-month note. How is the accounting equation affected on the day they borrowed the money? Increase Interest

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Sadowski Brick Company borrows $500,000, on a 6%, 9-month note. How is the accounting equation affected on the day they borrowed the money? Increase Interest Expense, increase Cash, and increase Notes Payable. Increase Cash and increase Notes Payable. Increase Cash, increase Interest Expense, and increase Notes Payable. Increase Cash, increase Interest Expense, increase Notes Payable, and increase Interest Payable

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