The _____ Adjusting Entry Increases Expenses and Increases Liabilities

question 53

Multiple Choice

The _____ adjusting entry increases expenses and increases liabilities.

• A)prepaid rent
• B)wages
• C)depreciation
• D)revenue received from customers in advance

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Definitions:

Abdicated

The act of formally relinquishing authority and throne, typically by a monarch.

St. Helena

A remote island in the South Atlantic Ocean where Napoleon Bonaparte was exiled and died after his final defeat at the Battle of Waterloo.

Elba

An island in the Mediterranean Sea off the coast of Tuscany, Italy, famous as the first place of exile for Napoleon Bonaparte in 1814.

Continental System

An economic blockade imposed by Napoleon between 1806 and 1814, aiming to weaken Britain by prohibiting European countries from trading with it.