true and false

liauons. when preparing adjusting entries for bank O. An adjusting entry for accrued revenues will increase an asset account receivable and increase a revenue account. 9. An adjusting entry for accrued expenses will increase an expense account and decrease a liability account. 10. An adjusting entry for unearned revenue will decrease a liability account and increase an asset account. 11. The book value of an asset is the difference between the historical cost of the asset and the accumulated depreciation. 12. When recording a depreciation adjusting entry an expense account and a contra asset account are affected