Question: The adjusting entry to recognize work completed on unearned revenue involves which of the following? An increase in assets and a decrease in liabilities An

The adjusting entry to recognize work completed on unearned revenue involves which of the following?

An increase in assets and a decrease in liabilitiesAn increase in liabilities and a decrease in equityA decrease in liabilities and an increase in equityA decrease in assets and a decrease in liabilities

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