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1. Which of the following businesses would be most likely to use the accrual basis of accounting? Real estate agent Grocery store Physician Attorney 2.

1. Which of the following businesses would be most likely to use the accrual basis of accounting? Real estate agent Grocery store Physician Attorney

2. If an accrual is for an expense, the adjusting entry debits an __________ account and credits a(n) __________ account. asset; revenue unearned revenue; revenue expense; asset expense; liability

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