Which of the Following Does Not Correctly Describe the Following $\quad$

question 93

Multiple Choice

Which of the following does not correctly describe the following adjusting journal entry? Salaries expense
$\quad$ Salaries payable

• A) Total assets do not change.
• B) The transaction is an example of an accrual.
• C)Stockholders' equity decreases.
• D)Net income is not affecteD.This journal entry increases expenses and liabilities; the increase in expenses decreases net income, retained earnings, and thus stockholders' equity.

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Definitions:

Adjustment

The process of modifying or altering something to achieve a desired fit, appearance, or outcome.

Product Service

A combination of tangible goods and intangible services provided to fulfill the needs or desires of customers.

Solve Problems

The process of finding solutions to difficult or complex issues.

Unsolicited Sales Message

A communication or promotion sent to potential customers without their prior request or consent.