Question: Question Content Area How will the following adjusting journal entry affect the accounting equation? Account Debit Credit Unearned Subscriptions 1 1 , 5 0 0

Question Content Area
How will the following adjusting journal entry affect the accounting equation?
Account Debit Credit
Unearned Subscriptions 11,500
Subscriptions Earned 11,500
a. decrease liabilities and increase revenues
b. decrease liabilities and decrease revenues
c. increase liabilities and increase revenues
d. increase assets and increase revenues

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