Question: What effect will this adjusting journal entry have on the accounting records? DEBITS CREDITS $12,000 Unearned Revenue Revenue Earned $12,000 O Increase assets and increase

What effect will this adjusting journal entry have on the accounting records? DEBITS CREDITS $12,000 Unearned Revenue Revenue Earned $12,000 O Increase assets and increase revenues. O Increase liabilities and increase revenues. O Decrease liabilities and decrease revenues. Decrease liabilities and increase revenues

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