Question: The periodic payment on an installment note will have what effect on the financial statements? Muluple Choice Increases expenses, decreases liabilities, and decreases assets. Increases

The periodic payment on an installment note will have what effect on the financial statements? Muluple Choice Increases expenses, decreases liabilities, and decreases assets. Increases expenses, decreases liabilities, and increases assets. Increases expenses, increases liabilities, and decreases assets. Increases expenses, increases liabilities, and increases assets

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