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Remaining Time: 1 hour, 55 minutes, 42 seconds. Question Completion Status: ETTET UTOTEC QUESTION 15...

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Accounting

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Remaining Time: 1 hour, 55 minutes, 42 seconds. Question Completion Status: ETTET UTOTEC QUESTION 15 Assuming unearned revenues are originally recorded in balance sheet accounts, the adjusting entry to record earning of unearned revenue is: Increase an asset; increase revenue. OA Decrease an expense; decrease an asset. B. Increase an expense; increase a liability. 9 . Decrease a liability, increase revenue. D. E. Increase an expense; increase a revenue QUESTION 16 A company's net sales are $848,950, its costs of goods sold are $460,130, and its net income is $118.715. Its gross margin valio equals

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