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Which of the following account balances will typically be increased as a result of adjusting entries? (select all that apply.)

a.Interest Payable
b. Cash
c. Supplies
d. Prepaid Rent

Respuesta :

The correct options are Supplies and Prepaid Rent that is option C and option D.

Supplies are defined as the items which gets used up or are expected to be consumed in the coming future. Supplies are charged for some amount when they are sold to a consumer. The supplies brought by a consumer can be used or can be stored for use in future. The supplies can also be used for further purchasing of other items. Supplies are Incidental items. Prepaid Rent is defined as the rent which is to be paid in advance to the period of payment of a certain entity. The person to whom rent is to be paid sends an invoice before the end of the month and the rent is to be paid on every first of the month. This amount is to be paid in advance every time an individual takes any property at rent.

Learn more about Prepaid Rent at:

brainly.com/question/20406888

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