Homework-Chapter 2 CO -5. Which of the following adjusting entries causes a decrease in assets? a. Recognizing the portion of revenue collected in advance. b. Recording depreciation expense. c. Accruing unrecorded salaries expense. d. Accruing unrecorded interest revenue. 6. Which of the following adjusting entries causes an increase in liabilities? a. Accruing unrecorded interest expense. b. Recording the amount of expired prepaid insurance. c. Aceruing unrecorded interest revenue. d. Recording depreciation expense. 7. If the required adjusting entry for depreciation expense is omitted: a. Assets will be overstatecand income understated. b. Assets will be overstated and income overstated. c. Assets will be understated and income overstated. d. Assets will be understated and income understated. 8. The accumulated depreciation account is a contra (valuation) account to a. Owner's equity account. b. Expense account Asset account. d. Liability account. C. ETS The beginning on the Academ Our Dearest Students, Hope this email fi