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Discuss adjustments for unearned revenues

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Reference no: EM131813347

Problem: Using the words increase (inc), decrease (decr), or no effect (ne), indicate how each of the following adjustments affects a company's accounting equation. Note: "no effect" must be indicated where appropriate.

Adjustments for accrued revenues:

Total Assets

Total Liabilities

Total Stockholders' Equity

 

 

 
  • Adjustments for unearned revenues:

Total Assets

Total Liabilities

Total Stockholders' Equity

 

 

 
  • Adjustments for accrued expenses:

Total Assets

Total Liabilities

Total Stockholders' Equity

 

 

 
  • Adjustments for prepaid expenses:

Total Assets

Total Liabilities

Total Stockholders' Equity

 

 

 

Accounting Check √   Do each of your answers keep the accounting equation in balance? If your answer is not "yes", please go back and check your work.

Reference no: EM131813347

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