Listed below are four categories of adjusting entries. Insert the words "increase," "decrease," or "no effect" in the space under the appropriate column heading to indicate how an adjusting entry in that category affects assets, liabilities, revenues and expenses.

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The Answer of Listed below are four categories of adjusting entries. Insert the words "increase," "decrease," or "no effect" in the space under the appropriate column heading to indicate how an adjusting entry in that category affects assets, liabilities, revenues and expenses.

Listed Below Are Four Categories of Adjusting Entries