Income Statement Balance Sheet Net Income Owners' Equity Adjustment Revenue Expenses Assets Liabilities Турel Converting Assets to Expenses Туре Converting Liabilities to Revenue Type II Accruing Unpaid Expenses No effect Increase Decrease Decrease No effect Decrease Increase No effect Increase No etffect Decrease Increase No effect Increase Decrease No effect Increase Decrease Туре IV Accruing Uncollected Revenue Increase No effect Increase Increase No effect Increase Requirement: Put the effect of following adjustments
Income Statement Balance Sheet Net Income Owners' Equity Adjustment Revenue Expenses Assets Liabilities Турel Converting Assets to Expenses Туре Converting Liabilities to Revenue Type II Accruing Unpaid Expenses No effect Increase Decrease Decrease No effect Decrease Increase No effect Increase No etffect Decrease Increase No effect Increase Decrease No effect Increase Decrease Туре IV Accruing Uncollected Revenue Increase No effect Increase Increase No effect Increase Requirement: Put the effect of following adjustments
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Income Statement
Balance Sheet
Net
Income
Owners'
Equity
Adjustment
Revenue
Expenses
Assets
Liabilities
Туреl
Converting Assets to Expenses
Туре I
Converting Liabilities to Revenue
No effect
Increase
Decrease
Decrease
No effect
Decrease
Increase
No effect
Increase
No effect
Decrease
Increase
Туре II
Accruing Unpaid Expenses
Туре IV
Accruing Uncollected Revenue
No effect
Increase
Decrease
No effect
Increase
Decrease
Increase
No effect
Increase
Increase
No effect
Increase
Requirement: Put the effect of following adjustments
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