Exercise 4-24, Please

A landlord receives cash on the date a lease is signed for the rent for the first six months and records Unearned Rent Revenue. The landlord fails to make any adjustment at the end of the first month. Exercise 4-24 The Effect of Adjustments on the Accounting Equation Determine whether recording each of the following adjustments will increase (I), decrease (D), or have no effect (XE) on each of the three elements of the accounting equation. Exercise 4-25 The Accounting Cycle The steps in the accounting cycle are listed in random order. Fill in the blank next to each step to indicate its order in the cycle. The first step in the cycle is filled in as an example