Adjusting entries are: o the same as closing entries. O rarely needed in large companies, O optional under generally accepted accounting principles. needed to properly report revenues, expenses, assets, and liabilities. Question 3 4 pts Which of the following accounts would have a normal credit balance? O accumulated depreciation O accounts receivable O cash O land Adjusting entries are: o the same as closing entries. O rarely needed in large companies, O optional under generally accepted accounting principles. needed to properly report revenues, expenses, assets, and liabilities. Question 3 4 pts Which of the following accounts would have a normal credit balance? O accumulated depreciation O accounts receivable O cash O land