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Jennifer has a truck that she uses to deliver goods sold by her business. At the end of the year, Jennifer will record $6,000 for
Jennifer has a truck that she uses to deliver goods sold by her business. At the end of the year, Jennifer will record $6,000 for depreciation of the truck.
What two types of accounts will be affected by this adjusting entry?
- An expense account and a liability account
- A payable account and an asset account
- An asset account and an expense account
- A liability account and an owner's equity account
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