14. A company fails to recognize revenue earned but not yet received. Which of the following accounts
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14. A company fails to recognize revenue earned but not yet received. Which of the following accounts are involved in the adjusting entry:
(a) asset,
(b) liability,
(c) revenue, or
(d) expense? For the accounts selected, indicate whether they would be debited or credited in the entry.
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Related Book For
Financial Accounting
ISBN: 9780470128848
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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