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Assebs: No eflect: Laberies: Decrease, steckholder's Equitr Increate Assets incease, Lableies; Decrease. Stockhelder's Fep ty. Decrease Assets Decsease, Liablins lociease, Stockholder's Equy increase Assen. No etfect, Liabilies No effect, Stockholder's Fousty, No effect Which of the following is not correct as it relates to the normal balances of accounts? Cost of Goods Sold: Debit Unearned Revenue: Credit Accumulated Depreciation: Debit Gain on Sale of Land: Credit Mark the following as true or false and then select the correct response Generally Accepted Accounting Principles (GAAP) require the use of the accrual basis of accounting. Under accrual accounting. a company will recognize revenue only when cash is recelved. The matching (expense recognition) principle states that a company should match the expenses with the time period in which revenues were generate True, False, True True, False, False False, True, True True, True, Falee