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The following transaction has been recorded in the general journal: table [ [ Account Title,Debit,Credit ] , [ Interest Expense, 1 5 0 ,
The following transaction has been recorded in the general journal:
tableAccount Title,Debit,CreditInterest Expense,Interest Payable,,
How will this transaction affect the company's financial statements after it is posted to the ledger accounts?
Multiple Choice
Decreases Stockholders' Equity
Decreases Total Assets
Decreases Total Liabilities
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