Question: Which statement is true as it relates to adjusting entries: All adjusting entries will include one income statement account and one balance sheet account. Adjusting

Which statement is true as it relates to adjusting entries:
All adjusting entries will include one income statement account and one balance sheet account.
Adjusting entries close out temporary accounts.
Adjusting entries are recognized at the beginning of the accounting period.
Adjusting entries always include the cash account.
Which statement is true as it relates to

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