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Question 7 (Mandatory) (5 points) What effect will this adjustment have on the accounting records? Unearned Revenue 6,375 Fees Earned 6,375 O increase net income

Question 7 (Mandatory) (5 points) What effect will this adjustment have on the accounting records? Unearned Revenue 6,375 Fees Earned 6,375 O increase net income O increase revenues reported for the period decrease liabilities

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