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Adjusting entries affect only the owner's equity accounts. True False
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Asked 11/19/2014 7:21:37 PM
Updated 3/18/2018 1:50:01 PM
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[object Object]User: Adjusting entries affect only the owner's equity accounts. True False

Weegy: Adjusting entries affect only the owner's equity accounts. (Points : 3) False
cadbury19020|Points 159|

User: The adjusting entry for the depreciation of office equipment for the period includes debiting Depreciation Expense- Office Equipment and crediting Office Equipment. debiting Office Equipment and crediting Accumulated Depreciation- Office Equipment. debiting Depreciation Expense- Office Equipment and crediting Accumulated Depreciation- Office Equipment. debiting Office Equipment and crediting Depreciation Expense- Office Equipment.

Question
Asked 11/19/2014 7:21:37 PM
Updated 3/18/2018 1:50:01 PM
1 Answer/Comment
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The adjusting entry for the depreciation of office equipment for the period includes debiting Depreciation Expense-Office Equipment and crediting Accumulated Depreciation-Office Equipment.
Added 3/18/2018 1:50:01 PM
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