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After a cold front passes,which of these does NOT usually occur?
Crediting Wages Payable
The accounting action of acknowledging that a company owes wages to its employees, which decreases the wages payable account.
Debiting Interest Receivable
The process of recording the amount of interest earned but not yet received in cash as an asset in the accounting records.
Increase Liabilities
The process or action that results in a higher amount of obligations or debts owed by an entity to others.
Decrease Net Income
Refers to a reduction in the net earnings as reported on an entity's income statement, influenced by costs, expenses, or losses.
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