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Pick one of the following adjustments, and tell which financial statement or statements will be effected if the adjustment is not made. Depreciation on equipment

Pick one of the following adjustments, and tell which financial statement or statements will be effected if the adjustment is not made.

  1. Depreciation on equipment is $120 for the accounting period.
  2. Interest owed on a loan but not paid or recorded is $175.
  3. There was a beginning balance of $2,200 in the supplies account. At the end of the period $345 of supplies were on hand.

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