Question
Asked Feb 7, 2020
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Adjusting entries always include
a.only balance sheet accounts
b.only income statement accounts
c.at least one income statement account and one balance sheet account
d.the cash 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) and balance she...

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