If none of the adjusting journal entries prepared in BE 2-7 were recorded, would assets, liabilities, and

Question:

If none of the adjusting journal entries prepared in BE 2-7 were recorded, would assets, liabilities, and shareholders' equity on the 12/31/18 balance sheet be higher or lower and by how much?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...