on 10 XYZ Co.purchased supplies costing $5,000 on 1/1/2020 and recorded the transaction by increasing assets. At the end of the year $2,000 of the supplies are still in hand.if XYZ co does not make the adjusting entry what is the impact on XYZ, co statement of financial position at 31/12/ 2020 out of Question Select one: a. equity understated by $2,000 b. equity overstated by $2,000 C. Assets overstated by $3,000 d. Assets overstated by $2,000 on 12 The Cash basis recognizes revenue when earned ed Select one: O True out of False question Entry to record a receipt of rent revenue in advance will include Destion Select one e 3. debil to Rent Revenue b. Debit to Uneamed Rent Revenue ccredit to Rent Revenue di credit to Unnamed Rent Revenue