The Carolina Company made the following journal entries and adjusting journal entries: Accrual of Wage Expense $1,000 Expiration of Prepaid Insurance $700 Accrual of Revenue $600 The effect of the three journal entries on Total Assets is a change of O a $1,100 O b. $600 Oc$100 O d. $900 O e. $1,100 Sin cash for a previously accrued expense and accrues $400 for a new revenue. What is Yingst Corporation pays $1,000 cash for a previously accrued expense and accrues $400 for a new revenue. What is the effect of these two recordings on Ob oc O a. Total Liabilities Decrease by $1,000 Total Liabilities Decrease by $600 Total Liabilities Decrease by $600 Od Total Liabilities Decrease by $1,400 e Total Liabilities Increase by $1,000 Total Equity Increase by $400 Total Equity Decrease by $600 Total Equity Increase by $400 Total Equity Decrease by $1,400 Total Equity Increase by $1,000 ING