Adjusting entry on dec 31h will cause an increase decrease


Employees work 5 days/week and are paid at noon on Sat. Employees earn $500/week and December 31h is a Wednesday. Adjusting entry on Dec 31h will cause an increase, decrease, or no change to assets, liabilities, equity and income?

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Accounting Basics: Adjusting entry on dec 31h will cause an increase decrease
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