Question: please answer the following multiple choice. what effect will adjusting entry for accrued interest revenue have on the company's financial statements? On January 1, 2024,

please answer the following multiple choice.

what effect will adjusting entry for accrued interest revenue have on the company's financial statements? please answer the following multiple choice. what effect will adjusting entry

On January 1, 2024, a company, lends $5,000 to an employee and accepts a 24 month, 10% note. At the end of 2024 , what effect will the adjusting entry for accrued interest revenue have on the the company's financial statements? Multiple Choice Increases stockholders' equity Decreases assets Decreases revenue Incteases expense

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