ng At December 31, the following amounts before adjusting entries (Column 1) and after adjusting entries (Column II) were reported: ed out of Column Unadjusted $18 an Supplies Rent expense Wages payable Unearned rent revenue $20 Column 11 Adjusted $16 $33 $21 $8 $4 $0 Initial journal entries to record cash received in advance from renters were on the cash basis. What effect did these adjusting entries have on net income for the year ended December 31? Select one: a. $38 decrease b. $6 increase c. $14 decrease d. $40 decrease e. $24 decrease estion 10 Which principle is most representative of the accrual basis of accounting? 1 yet wered ints out of 00 Select one: a. Industry Practices b. Revenue Recognition c. Full Disclosure Flag Jestion d. Going Concern