:01:19 PM/ Remaining: 147 min Multiple Choice Question 164 The usual sequence of steps in the recording process is to analyze each transaction, enter the transaction in the book of accounts, and transfer the information to the journal analyze each transaction, enter the transaction in the journal, and transfer the information to the ledger accounts. analyze each transaction, enter the transaction in the book of original entry, and transfer the information to the journal. enter the transaction in the ledger, and transfer the information to the journal. Click if you would like to Show Work for this question: Open Show Work Question #6 2 3 4 5 6 8 9 146 min. e: 01:19 PM/ Remaining: Multiple Choice Question 133 The adjusting entry to an unearned revenue account will O increase assets and increase revenues. Increase liablities and increase revenues. decrease liabilities and increase revenues. decrease revenues and decrease assets. Click if you would like to Show Work for this question: Open Show Work F1 F2 F3 F5 F6 F7 Help I System NEXT At March 1, Oriole Company reported a balance in Supplies of $220. During March, the company purchased supplies for $1060 and consumed supplies of $900. If no adjusting entry is made for supplies: O net income will be understated by $900. stockholders' equity will be overstated by $900 assets will be understated by $380 Question Attempts: O of 1 used SAVE POR LATER