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

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

Multiple Choice

An increase in assets and a decrease in liabilities

An increase in liabilities and a decrease in equity

A decrease in liabilities and an increase in equity

A decrease in assets and a decrease in liabilities

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