Adjusting entry to record an unrecorded receivable is made

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Reference no: EM13749169

What is the effect on account balances when an adjusting entry to record an unrecorded receivable is made?

Select one:

a. Both revenues and assets will be increased.

b. Both revenues and assets will be decreased.

c. Revenues will be increased, but assets will be decreased.

d. Assets will be increased, but revenues will be decreased.

Reference no: EM13749169

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