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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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