The adjusting entry to record an accrued expense is: A. Increase an expense; increase a liability....

Question

Question

The adjusting entry to record an accrued expense is:

	A.	Increase an expense; increase a liability.
	B.	Increase an asset; increase revenue.
	C.	Decrease a liability; increase revenue.
	D.	Increase an expense; decrease an asset.
	E.	Increase an expense; decrease a liability.

Answer 1

Answer #1

Option A is the answer

In an adjusting entry, debit increases the expense account and credit increases the liability account.

For example

Wages Expense... Dr (E+)

... Wages payable Cr (L+)

Answer 2

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