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If the effect of the credit portion of an adjusting entry is to increase the balance of a liability account, which of the following describes
If the effect of the credit portion of an adjusting entry is to increase the balance of
liability account, which of the following describes the effect of the debit portion of the
journal entry?
increases the balance of an asset account
decreases the balance of an owner's equity account
increases the balance of a contra asset account
increases the balance of an expense account
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