PB5. 4.2 Indicate what impact the following adjustments have on the accounting equation: Assets = Liabilities + Equity (assume normal balances). Impact 1 Impact 2 A. Unearned Rent adjusted from $15,000 to $9,500 B. Recorded salaries payable of $3,750 C. Prepaid Rent adjusted from $6,000 to $4,000 D. Recorded depreciation expense of $5,500
PB5. 4.2 Indicate what impact the following adjustments have on the accounting equation: Assets = Liabilities + Equity (assume normal balances). Impact 1 Impact 2 A. Unearned Rent adjusted from $15,000 to $9,500 B. Recorded salaries payable of $3,750 C. Prepaid Rent adjusted from $6,000 to $4,000 D. Recorded depreciation expense of $5,500
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 8PB: Indicate the net effect ( for increase; for decrease; 0 for no effect) of each of the following...
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PB5. 4.2 Indicate what impact the following adjustments have on the
Liabilities + Equity (assume normal balances).
Impact 1 Impact 2
A. Unearned Rent adjusted from $15,000 to $9,500
B. Recorded salaries payable of $3,750
C. Prepaid Rent adjusted from $6,000 to $4,000
D. Recorded
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