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Year end adjusting entries for unearned revenues

04/10/2021 Client: muhammad11 Deadline: 2 Day

Assuming unearned revenues are originally recorded in balance sheet accounts, the adjusting entry to record earning of unearned revenue is: Multiple Choice Decrease a liability; increase revenue. Increase an expense; increase a liability. Increase an expense; decrease an asset. Increase an expense; decrease a liability. Increase an asset; increase revenue.

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