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The following journal entry was drawn from the accounting records of Melisa Company. Account Titles Debit Credit Depreciation Expense 10,000 Accumulated Depreciation 10,000 Which of
The following journal entry was drawn from the accounting records of Melisa Company.
Account Titles | Debit | Credit |
Depreciation Expense | 10,000 | |
Accumulated Depreciation | 10,000 |
Which of the following shows how this entry will affect the Companys financial statements?
a.
assets | liabilities | equity | revenue | expense | income statement | cash flows |
- | na | - | na | na | na | na |
b.
assets | liabilities | equity | revenue | expense | income statement | cash flows |
- | na | - | na | + | - | na |
c.
assets | liabilities | equity | revenue | expense | income statement | cash flows |
- | na | - | na | + | - | -oa |
d.
assets | liabilities | equity | revenue | expense | income statement | cash flows |
- | na | - | na | na | na | -oa |
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