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Net Owners' Adjustment Revenue Expenses Income Assets Liabilities Equity Туре! Converting Assets to Expenses Туре II Converting Liabilities to Revenue Type III Accruing Unpaid Expenses Туре IV Accruing Uncollected Revenue No effect Increase Decrease Decrease No effect Decrease Increase No effect Increase No effect Decrease Increase No effect Increase Decrease No effect Increase Decrease Increase No effect Increase Increase No effect Increase

Net Owners' Adjustment Revenue Expenses Income Assets Liabilities Equity Туре! Converting Assets to Expenses Туре II Converting Liabilities to Revenue Type III Accruing Unpaid Expenses Туре IV Accruing Uncollected Revenue No effect Increase Decrease Decrease No effect Decrease Increase No effect Increase No effect Decrease Increase No effect Increase Decrease No effect Increase Decrease Increase No effect Increase Increase No effect Increase

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Requirement: Put the effect of following adjustments 

Income Statement Balance Sheet Net Income Owners' Adjustment Revenue Expenses Assets Liabilities Equity Туреe! Converting Assets to Expenses No effect Increase Decrease Decrease No effect Decrease Турe I Converting Liabilities to Revenue Туре I Accruing Unpaid Expenses | Type IV Accruing Uncollected Revenue Increase No effect Increase No effect Decrease Increase No effect Increase Decrease No effect Increase Decrease Increase No effect Increase Increase No effect Increase Requirement: Put the effect of following adjustments
Transcribed Image Text:Income Statement Balance Sheet Net Income Owners' Adjustment Revenue Expenses Assets Liabilities Equity Туреe! Converting Assets to Expenses No effect Increase Decrease Decrease No effect Decrease Турe I Converting Liabilities to Revenue Туре I Accruing Unpaid Expenses | Type IV Accruing Uncollected Revenue Increase No effect Increase No effect Decrease Increase 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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