Question 7 3 pts Which of the following is not an adjusting journal entry? O Debit Salaries Expense, credit Salaries Payable. Debit Interest Expense. Credit Accrued Interest Payable Debit Cash, credit Accounts Payable Debit Deferred Revenue, credit Service Revenue. D Question 8 3 pts Which of the below statements best describes why Accountants record adjusting journal entries (AJES). Adjusting journal entries covert accrual basis Accounting to cash basis. Adjusting journal entries close temporary accounts to retained earnings, All adjusting journal entries are recorded for internal transactions Adjusting journal entries provide for proper matching of revenues with expenses. D Question 9 3 Seinfeld/Vandalay Corp. sold $1,900 in raincoats to a customer on account on February 12, 2021. On March 1, 2021 Seinfeld/Vandalay Corp. collected the cash from that customer. What is the effect on Seinfeld/Vandalay Corps accounting equation from the collection of cash? Decrease assets and increase liabilities. No net effect to the accounting equation. Decrease assets and decrease liabilities. Increase assets and increase liabilities