Question
The Draper Company Records these journal entries: Depreciation $40 Accrued Expense $12 Earned portion of Unearned Revenue $17 What is the net effect of these
The Draper Company Records these journal entries:
Depreciation $40
Accrued Expense $12
Earned portion of Unearned Revenue $17
What is the net effect of these journal entries on the following items. Indicate the dollar amount of the effect and the direction of the effect:
a. Net Income
b. Total assets
c. Total liabilities
d. retained earnings
e. total equity
f. working capital
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
12th edition
132552620, 978-0132552622
