Indicate what impact the following adjustments have on the accounting equation, Assets Liabilities Equity (assume normal balances) A Unearned Fees adjusted from $7,000 to $5,000 Recorded depreciation expense of $12,000 Prepaid Insurance adjusted from $18,500 to $6,300 D Supplies account balance $50...

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Principles Of Accounting Volume 1
Indicate what impact the following adjustments have on the accounting

Indicate what impact the following adjustments have on the accounting equation, Assets = Liabilities + Equity (assume

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Indicate what impact the following adjustments have on the accounting equation, Assets = Liabilities + Equity (assume normal balances).

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A. Unearned Fees adjusted from $7,000 to $5,000 Recorded depreciation expense of $12,000 Prepaid Insurance adjusted from $18,500 to $6,300 D. Supplies account balance $500, actual count $220 B. C. Impact 1 Impact 2

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