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If, during an accounting period, an expense item has been incurred and consumed but not yet paid for or recorded, then the end-of-period adjusting entry

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If, during an accounting period, an expense item has been incurred and consumed but not yet paid for or recorded, then the end-of-period adjusting entry would involve Select one: O a. a liability account and an asset account. O b. an asset or contra-asset and an expense account. O c. a liability account and an expense account. O d. a receivable account and a revenue account. Performing a service for a client on account will Select one: O a. increase one asset and decrease another asset. O b. ' increase an asset and increase equity. O c. increase an asset and decrease equity. O d. decrease an asset and decrease a liability,. The account credited for a receipt of cash on account is Select one: O a. Accounts Payable. O b. Accounts Receivable. O c. Cash. O d. Service Revenue

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