How will the following adjusting journal entry affect the accounting equation?
A) increase assets, increase revenues
B) increase liabilities, increase revenues
C) decrease liabilities, increase revenues
D) decrease liabilities, decrease revenues

Question

How will the following adjusting journal entry affect the accounting equation? 
A) increase assets, increase revenues 
B) increase liabilities, increase revenues 
C) decrease liabilities, increase revenues 
D) decrease liabilities, decrease revenues

Quizplus · Accepted Answer

The Answer of How will the following adjusting journal entry affect the accounting equation? 
A) increase assets, increase revenues 
B) increase liabilities, increase revenues 
C) decrease liabilities, increase revenues 
D) decrease liabilities, decrease revenues

How Will the Following Adjusting Journal Entry Affect the Accounting