Owner's equity is affected by the: O payment of a liability O purchase of supplies with cash O purchase of supplies on credit O earnings of revenues Nagpa Uhtang has a P35,000 collectible from Neh Uhtang. On April 20, Neh Utang makes a partial payment of P25,000 to Nagpa Uhtang. The journal entry made on April 20 by Nagpa Uhtang to the transaction includes: * a credit to Accounts Receivable for P25,000 a credit to Accounts Receivable of P10,000 O a debit to Cash for P10,000 a debit to Accounts Payable of P25,000 If reversing entries are used, which of the adjusting entries below should be reversed? DR: Accounts Receivable; CR: Fees Earned DR: Unearned Rent Revenue; CR: Rent Revenue DR: Office Supplies Expense; CR: Office Supplies DR: Insurance Expense; CR: Prepaid Insurance Accrued revenues: * 1 point O At the end of one accounting period often result in cash payments in the next period. O At the end of one accounting period often result in cash receipts from customers in the next period. O Are also called unearned revenues. Are listed on the Statement of Financial Position as liabilities