An adjusting journal entry to recognize accrued salariespayable would cause which of the following?a. A decrease in assets and stockholders’ equity.b. A decrease in assets and liabilities.c. An increase in expenses, liabilities, and stockholders’equity.d. An increase in expenses and liabilities and a decreasein stockholders’ equity.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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An adjusting journal entry to recognize accrued salaries
payable would cause which of the following?
a. A decrease in assets and stockholders’ equity.
b. A decrease in assets and liabilities.
c. An increase in expenses, liabilities, and stockholders’
equity.
d. An increase in expenses and liabilities and a decrease
in stockholders’ equity.

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