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At December 31, the following amounts before adjusting entries (Column 1) and after adjusting entries (Column II) were reported: Column Unadjusted Column Adjusted Supplies
At December 31, the following amounts before adjusting entries (Column 1) and after adjusting entries (Column II) were reported: Column Unadjusted Column Adjusted Supplies $18 $15 Rent Expense 520 $18 Wages Payable 58 $11 Unearned Rent Revenue $21 $15 Initial journal entries to record cash paid for rent were on the cash basis. What effect did these adjusting entries have on net income for the year ended December 31? Select one: O a. $22 decrease O b. $4 decrease $4 increase O d. $20 decrease O e. $22 increase
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