Question: please answer asap no effect Question 2 (1 point) Saved What is the effect of the following business activity on the element indicated? You made

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no effect Question 2 (1 point) Saved What is the effect of the following business activity on the element indicated? You made a Dec. 31 year-end entry for interest on a 1 year $85,000 loan, 3% interest, taken out Dec. 1. - Expenses 1) no effect 2) increase to one and decrease to another 3) decrease 4) increase

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