Question: Which of the following would cause a decrease to liabilities? Select all that apply. 1 . A company pays $ 5 5 0 , which

Which of the following would cause a decrease to liabilities? Select all that apply.
1. A company pays $550, which is the current portion due on a long term bank loan
2. A company sells $1,000 worth of gift cards
3. A company prepays for 12 months of landscaping services
4. A company pays off the remaining amount of their mortgage loan
5. After one month, a company recognizes revenue equal to 1/12 of an annual magazine subscription they sold to a customer

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