Question: question in accounting please answer as soon as possible 5- H Company borrowed $10.000 from T Bank on March H Company is to repay the

question in accounting

please answer as soon as possible

5- H Company borrowed $10.000 from T Bank on March H Company is to repay the principal and interest on February 28 of the next year The interest rate is 8%. If the year-end adjustment is properly recorded, what will be the effects of the accrual on H Company's current year financial statements? a) No effect b) Increase liabilities and increase expenses C) Increase assets and increase liabilities d) Increase assets and increase revenues Leave blank Close Close

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