Question: Expenses [ Select ] [ increase , decrease ] net income, and thus [ Select ] [ increase , decrease ]

Expenses[ Select ]["increase", "decrease"]net income, and thus[ Select ]["increase", "decrease"]retained earnings on the[ Select ]["income statement", "balance sheet"]. As such, expense would be added to the[ Select ]["left", "right"]side of the expanded accounting equation.
Hint: For assistance, review the Financial Accounting Resource or the first lecture on Double Entry Accounting.

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