the draper company records these journal entries.

Depreciation $40

Accured expenses $ 12

Earned portion of unearned revenue $17

Indicate the net effect of these journal entries on the following items. Indicate the dollar amount of the effect and direction of the effect ( example $14 increase $5 Decrease or no effect

1. Net Income

2. Total assets

3 Total Liabilities

4 Retained Earnings

5 Total Equity

6 Working capital