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Choose the correct option to complete the following statement. A credit entry represents: 1. an increase in a liability, an increase in a drawing, an
Choose the correct option to complete the following statement. A credit entry represents:
1. an increase in a liability, an increase in a drawing, an increase in capital, a decrease in income.
2. A decrease in an expense, an increase in capital, an increase in a liability, a decrease in an asset.
3. An increase in capital, a decrease in income, an increase in a liability, an increase is a drawing.
4. A decrease in an asset, an increase in a liability, an increase in an expense, an increase in income.
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