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What is the effect of the following business activity on the element indicated? A business with a 10%6 month loan of $25,000, taken out Oct.

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What is the effect of the following business activity on the element indicated? A business with a 10%6 month loan of $25,000, taken out Oct. 1, makes a monthend entry for interest. -- Revenue 1) no effect 2) decrease 3) increase 4) increase to one and decrease to another

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