3. Smith Company received a deposit of $3,000 in May and recorded it to unearned revenue account. During the month of June, some work was completed and $700 can now be recorded as revenue. accounts and amounts should change in the accounting equation to adjust the balance and properly state the unearned revenue account at June 30? a. What Assets Liabilities Equity b. If the above transaction is not recorded at the end of the month, June revenue will be and net income will be 4 The supplies account of ABC Corp. on December 31 shows a balance of S4,000. An actual count of the supplies shows that the balance should be $3,400. What accounts and amounts should change in the accounting equation to adjust the balance in the supplies account to properly reflect the balance at December 31? a. Assets Llabilities b. If the above transaction is not recorded at the end of the month, December expenses will be and net income will be 5. At the end of the October, XYZ Corp. owes employee wages of $750, but hasn't paid them yet What accounts and amounts should change in the accounting equation to account for the wages that are owed? a. b. If the above transaction is not recorded at the end of the month, October expenses will be and liabilities will be ge 1 of 1 325 Words 100% 24 esc : 0