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Exercise 4-24 The Effect of Adjustments on the Accounting Equation Determine whether recording each of the following adjustments will increase (I), decrease (D), or have

Exercise 4-24 The Effect of Adjustments on the Accounting Equation

Determine whether recording each of the following adjustments will increase (I), decrease (D),

or have no effect (NE) on each of the three elements of the accounting equation.

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