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What effects would the accrual of $200 of interest on a bond payable have on financial statements? I. Balance sheet: Liabilities are decreased by $200

What effects would the accrual of $200 of interest on a bond payable have on financial statements?

I. Balance sheet: Liabilities are decreased by $200 II. Income statement: Expenses are increased by $200 III. Balance sheet: IV. Balance sheet: V. Balance sheet: Retained earnings are decreased by $200 Cash assets are decreased by $200 Liabilities are increased by $200

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