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QUESTION 5 Which of the following does not correctly describe an adjusting journal entry that debits depreciation expense and credits accumulated depreciation? OOOO a. The

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QUESTION 5 Which of the following does not correctly describe an adjusting journal entry that debits depreciation expense and credits accumulated depreciation? OOOO a. The entry decreases retained earnings and decrease assets b. The entry increases expenses and decreases retained earnings c. The entry decreases assets and increases net income d. None of the above

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