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Incorrect Question 6 0/1.25 pts Which of the following does not correctly describe the following adjusting journal entry? Debit Wages expense; credit wages payable Total

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Incorrect Question 6 0/1.25 pts Which of the following does not correctly describe the following adjusting journal entry? Debit Wages expense; credit wages payable Total assets do not change. The transaction is an example of an accrual. Stockholders' equity decreases. Net income is not affected. Incorrect Question 6 0/2.5 pts On January 1, 2015, Acorn Corporation bought a new machine. Acorn signed a note agreeing to pay $200,000 on December 31, 2017. The market interest rate for this note is 5%. What is the amount that the machine is put on the books for on January 1, 2015? $172,760 $200,000 $ 181,400 $190,480

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