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Taya2010 [7]
2 years ago
10

If you take out a loan, which two things do your loan payments go toward?

Business
1 answer:
Fofino [41]2 years ago
7 0

Answer:

D. Principal and interest

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Expenses decreases retained earnings; therefore, to increase any expense, one would debit the expense account

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From a double entry point of view, an increase in expenses would be debited to expense account and a decrease is credited instead.

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