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Walton Company accountants were preparing month-end financial statements. An accounting intern wanted to know which of the transactions below would create an increase in liabilities?

Walton Company accountants were preparing month-end financial statements. An accounting intern wanted to know which of the transactions below would create an increase in liabilities?

Recording the amount of expired prepaid insurance.

Recording utility expense paid immediately.

Accruing unrecorded interest expense.

Accruing unrecorded interest revenue.

Recording depreciation expense.

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