Indicate the effect each account has on Retained Earnings. _____ (a) Advertising expense. _____ (b) Service revenue.
Question:
_____ (a) Advertising expense.
_____ (b) Service revenue.
_____ (c) Insurance expense.
_____ (d) Salaries and wages expense.
_____ (e) Dividends.
_____ (f) Rent revenue.
_____ (g) Utilities expense.
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Decrease a Advertising expense Increase b S...View the full answer
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