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  3. Study Set
    Fundamental Accounting Principles Study Set 1
  4. Exam
    Exam 3: Adjusting Accounts and Preparing Financial Statements
  5. Question
    Adjusting Entries
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Adjusting Entries

Question 100

Question 100

Multiple Choice

Adjusting entries:


A) Affect only income statement accounts.
B) Affect only equity accounts.
C) Affect cash accounts.
D) Affect only balance sheet accounts.
E) Affect both income statement and balance sheet accounts.

Correct Answer:

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