If the effect of the credit portion of an adjusting entry is to increase the balance of a revenue account, which of the following describes the effect of the debit portion of the entry? Select one: a. increases the balance of a contra revenue account O b. decreases the balance of an asset account Oc. increases the balance of a stockholders' equity account od decreases the balance of a liability account A T-account is Select one: a. a. a way of depicting the basic form of an account. O b. a special account used instead of a journal. c. a special account used instead of a trial balance. O d. used for accounts that have both a debit and credit balance. The receipt of cash in advance from a customer Select one: O a. increases assets and stockholders' equity. b. increases assets and decreases stockholders' equity. O c. increases assets and liabilities. . O d. none of these answer choices are correct. Net income will result when Select one: o a. revenues (credits) > expenses (debits) O b. revenues (debits) > expenses (credits) c. revenues (credits)