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Which of the following correctly describes the following adjusting journal entry? Accounts receivable xxx Sales revenue xxx Multiple Choice Total assets do not change. The
Which of the following correctly describes the following adjusting journal entry?
Accounts receivable xxx
Sales revenue xxx
Multiple Choice
Total assets do not change.
The transaction is an example of an accrual.
Stockholders' equity decreases.
Net income is not affected.
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Quicken 2015 For Dummies
Authors: Stephen L. Nelson
1st Edition
1118920139, 978-1118920138
