20 21 -- Question 28 (1 point) A customer pays its bill to a company after 60 days - the impact on the company's monthly financial statements is 23 24 27 An increase in Revenue and a decrease in Assets an increase in Assets and a decrease in Liabilities 9 30 4 No net change in assets 2 33 O A decrease in Assets (Accounts Receivable) and an increase in Liabilities 36 Question 29 (1 point) Which of the following statements is true, 39 Adjusting entries are required only for expenses 142 Adjusting entries are only required if you make an mistake 42 Adjusting entries are used because it is not always practical to record some events daily 48 Adjusting entrics only effect cash