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10. Of the following adjusting entries, which one results in a decrease in total assets? a. The entry to record revenue earned but not yet
10. Of the following adjusting entries, which one results in a decrease in total assets? a. The entry to record revenue earned but not yet collected or recorded. b. The entry to record earned portion of rent previously received in advance from a tenant and initially recorded as a liability. c. The entry to record depreciation expense for the period. d. The entry to record interest accrued on a note payable. e. None of the above.
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