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accounting help all 3 please The adjusting entry to record accrued salaries would have the following effect on the financial statements: Increases expenses and decreases
accounting help all 3 please
The adjusting entry to record accrued salaries would have the following effect on the financial statements: Increases expenses and decreases assets Decreases net income and increases liabilities Increases assets and decreases liabilities Decreases assets and increases liabilities The following accounts will be included on a post closing trial balance: Assets, liabilities, revenues and expenses Revenues, expenses and dividends Assets, liabilities, and common stock Revenues, expenses, common stock Assets that are expected to be converted to cash, sold or consumed during the next 12 months or within the business's normal operating cycle if longer than a year are referred to as: Investments Long-term assets Plant assets Current assets Step by Step Solution
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