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CHOISE ONLY40 From the following options, choose the correct statement about adjusting entries. a. One of the entries will be a cash account b. Both

CHOISE ONLY40

From the following options, choose the correct statement about adjusting entries.

One of the entries will be a cash account

Both entries will affect the income statement

One of the entries will affect the income statement while the other entry will affect the balance sheet

Both entries will affect the balance sheet

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