e. June 1: Repaid $140,000 on the line of credit plus accrued interest. Activity Accounts Statement(s) How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank or enter 0. If the effect on a financial statement item is negative, i.e, a decrease, be sure to enter the answer with a minus sign. Balance Sheet Income Statement Assets f. June 30: Made all necessary adjusting entries. The adjustment for interest owed: Activity Accounts Statement(s) Stockholders' Liabilities + Equity Revenues Expenses How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank or enter 0. If the effect on a financial statement item is negative, i.e, a decrease, be sure to enter the answer with a minus sign. Assets Balance Sheet Check My Work 3 more Check My Work uses remaining. Liabilities Stockholders' Equity Revenues Income Statement Expenses Net Income Net Income Next