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What is the effect of the following business activity on the element indicated? Pay $95 in interest on a loan. The interest was appropriately accrued

What is the effect of the following business activity on the element indicated? Pay $95 in interest on a loan. The interest was appropriately accrued at the end of last year. --- Expenses

Question 5 options:

1)

decrease

2)

increase

3)

no effect

4)

increase to one and decrease to another

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