Question
Asked Feb 7, 2020
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Adjusting entries affect at least one
a.revenue and the dividends account
b.income statement account and one balance sheet account
c.revenue and one owner's equity account
d.asset and one owner's equity account
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Expert Answer

Step 1

Adjusting entries: Adjusting entries are those entries which are recorded at the end of the year, to update the income statement accounts (revenue and expenses) a...

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