Debit an expense and credit a liability

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Reference no: EM13825497

If $3,000 has been earned by a company’s workers since the last payday in an accounting period, the necessary adjusting entry would be:

a. Debit an expense and credit a liability.

b. Debit an expense and credit an asset.

c. Debit a liability and credit an asset.

d. Debit a liability and credit an expense.

Reference no: EM13825497

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