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When an adjusting entry is made in anticipation of some receivables being uncollectible the
adjustment decreases:
Multiple Choice
net accounts receivable and increases liabilities.
net income and selling expenses.
net income and increases liabilities.
both net income and net accounts receivable.

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When an adjusting entry is made in anticipation of some rece.pdf

  • 1. When an adjusting entry is made in anticipation of some receivables being uncollectible the adjustment decreases: Multiple Choice net accounts receivable and increases liabilities. net income and selling expenses. net income and increases liabilities. both net income and net accounts receivable.