answer all 3

In each succeeding payment on an installment note, the amount: of interest expense increases. of interest expense decreases. of interest cxpense is unchanged. paid for both interest and principal increase proportionately. Question 21 The issuance of an installment note payable for the purchase of equipment will have what elfect on the financial statements? Increase assets and increase liabilities. Increase assets and increase stockholders' equity. Increase liabilities and decrease stockholdens' cquity. The issuance will have no effect on the financial statements. Question 22 The periodic payment on an installment note will have what effect on the financial statements? Increases expenses, decreases liabilities, and decreases assets. increases expenses, increases liabilites, and increases assets. Increases expenses, decreases liabilties, and increases assets. Increases expenses, increases liabilites and decroases assets