Question: The end-of-period adjustment to record interest on a note payable accumulated but not yet paid for the period would require: A. increasing revenue and increasing

The end-of-period adjustment to record interest on a note payable accumulated but not yet paid for the period would require:

A. increasing revenue and increasing liabilities

B. increasing owner's equity and decreasing assets

C. increasing expenses and increasing liabilities

D. increasing assets and increasing owner's equity

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