Of the following adjusting entries which one results in an, Ask an Expert

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Of the following adjusting entries, which one results in an increase in liabilities and the recognition of an expense at the end of an accounting period?

A) The entry to accrue salaries owed to employees at the end of the period.

B) The entry to record revenue earned but not yet collected or recorded.

C) The entry to record earned portion of rent previously received in advance from a tenant.

D) The entry to prepare off a portion of unexpired insurance.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M947495

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