Question: what affect does this journal entry have on the accounys Adjusting entries affect at least one a. revenue and the dividends account b. asset and
Adjusting entries affect at least one a. revenue and the dividends account b. asset and one stockholders' equity account c. revenue and one capital stock account d. income statement account and one balance sheet March 10 Accounts Payable Cash Paid creditors on account. What effect does this journal entry have on the accounts? a. Decrease accounts payable, increase cash b. Decrease accounts payable, decrease cash c. Decrease cash, increase accounts payable d. Increase accounts payable, increase cash Which of the items below does not appear on the work sheet? a. closing entries b. the dividends account c. the unadjusted trial balance
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