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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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