Answered

The adjusting journal entry to record revenue that has been earned but not yet billed at the
the end of the accounting period will result in
O a. a decrease in a liability account.
O b. an increase in a liability account.
○ C.
a decrease in an asset account.
O d. an increase in an asset account.



Answer :

GinnyAnswer

Final answer:

The adjusting entry for revenue earned but not yet billed increases assets and decreases liabilities.


Explanation:

The adjusting journal entry to record revenue that has been earned but not yet billed at the end of the accounting period will result in:

  • An increase in an asset account.
  • A decrease in a liability account.

This adjustment reflects the recognition of revenue earned but not yet invoiced, boosting assets and reducing liabilities in the accounting records.


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