If the effect of the credit portion of an adjusting entry is to increase the balance of

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If the effect of the credit portion of an adjusting entry is to increase the balance of a liability account, which of the following statements describes the effect of the debit portion of the entry?

a. Increases the balance of a revenue account.
b. Increases the balance of an expense account.
c. Increases the balance of an asset account.

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Accounting

ISBN: 978-1285743615

26th edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: May 11, 2023 12:29 AM

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If the effect of the credit portion of an adjusting entry is to increase the balance of

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c Increases the balance of an asset account In accounting adjusting entries are ma...View the full answer

Accounting

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