Question 31 (4 points) Bolo, Inc. is charged interest on the loan from the bank each month but only has to pay that interest each year. The effect of this interest on the expanded accounting equation for Bolo over time is: Decrease revenue and expense Increase assets and liabilities Increase retained earnings and liability Increase expense and liability Question 32 (4 points) Bolo, Inc. purchases a building by making a cash down payment and borrowing the remaining amount from the bank with a loan that will be due in 5 years. What is TRUE with regard to this purchase transaction? 39 72%