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Which is not an adjusting entry involving liability account

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Reference no: EM132701630

Problem 1: Which of the following is not an adjusting entry involving a liability account?

a. Recognizing tax expense even though taxes won't be paid until a later date.

b. Recognizing wage expense that will be paid in a future period.

c. Recognizing depreciation expense for machinery purchased last year.

d. Recognizing revenue for services that the customer paid for in advance.

Reference no: EM132701630

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