Presented below is an alphabetical list of 2019 pre-closing account balances of Eagles Corp, a merchandising company. Assume all accounts have normal balances. Accounts Accounts Payable Accounts Receivable Accumulated Depreciation - Buildings Administrative and General Expenses Buildings Cash Common Stock Depreciation Expense - Buildings Dividends (Common Stock) Interest Expense Land Prepaid Rent Retained Earnings, Beginning Balance for 2016 Sales Revenue Selling Expenses Unearned Revenue Balance 2.000 4,500 7,000 4,625 36,500 10,000 12,500 1,750 2,000 500 20,000 1,000 16.500 126,500 45,500 2.125 7 A. What is the effect of Eagles Corp's 2019 closing entries on the basic accounting equation? Presented below is an alphabetical list of 2019 pre-closing account balances of Eagles Corp, a merchandising company. Assume all accounts have normal balances. Accounts Accounts Payable Accounts Receivable Accumulated Depreciation - Buildings Administrative and General Expenses Buildings Cash Common Stock Depreciation Expense - Buildings Dividends (Common Stock) Interest Expense Land Prepaid Rent Retained Earnings, Beginning Balance for 2016 Sales Revenue Selling Expenses Unearned Revenue Balance 2.000 4,500 7,000 4,625 36,500 10,000 12,500 1,750 2,000 500 20,000 1,000 16.500 126,500 45,500 2.125 7 A. What is the effect of Eagles Corp's 2019 closing entries on the basic accounting equation