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Indicate How Each Event Affects the Elements of Financial Statements

Question 65

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Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element.
Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element. -On December 31,2016,Colefax Co.recognized accrued interest expense in the amount of $1,500.The interest expense was related to a discount note Colefax had issued earlier.
-On December 31,2016,Colefax Co.recognized accrued interest expense in the amount of $1,500.The interest expense was related to a discount note Colefax had issued earlier.
Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element. -On December 31,2016,Colefax Co.recognized accrued interest expense in the amount of $1,500.The interest expense was related to a discount note Colefax had issued earlier.

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