EFFECTS OF ADJUSTMENTS ON THE BALANCE SHEET EQUATION. Four adjusting entries are shown below:

REQUIRED:
Analyze the adjusting entries and use plus/minus signs and amounts to indicate their effects on the financial statement accounts. (Assume that there are no income tax effects for these adjustments.) Use the following column headings for your answer:

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a) Wages Expense 2,490 Wages Payable b) Accounts Receivable Service Revenue 2,490 3,350 3,350 c) Rent Expense 1,760 Prepaid Rent 1,760 d) Unearned Service Revenue 4,130 Service Revenue 4,130