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This statement is because: long-term bonds decreased from $19,921 at the end of Year 1...

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Finance

This statement is because: long-term bonds decreased from $19,921 at the end of Year 1 to $18,750 by the end of Year 2. The accounts payable account remained $0 for both Years 1 and 2. O Accruals actually increased from $0 in Year 1 to $3,516 at the end of Year 2. Notes payable actually increased from $19,921 to $18,750 between Years 1 and 2.
true or false?
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This statement is , because: long-term bonds decreased from $19,921 at the end of Year 1 to $18,750 by the end of Year 2. The accounts payable account remained $0 for both Years 1 and 2 . Accruals actually increased from $0 in Year 1 to $3,516 at the end of Year 2. Notes payable actually increased from $19,921 to $18,750 between Years 1 and 2

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