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The adjusting entry to record interest that has accrued on a note payable to the bank will cause an immediate: Multiple Choice Decrease in assets
The adjusting entry to record interest that has accrued on a note payable to the bank will cause an immediate: Multiple Choice Decrease in assets and reduction In net income. Increase in liabilities and reduction in net income. Decrease in liabilities and reduction in net income. Increase in assets and increase in net income
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