Question: Four adjusting entries are shown below: a. Interest Expense ....... 1,458 Interest Payable .... 1,458 b. Interest Receivable ..... 839 Interest Revenue .... 839 c.

Four adjusting entries are shown below:
a. Interest Expense ....... 1,458
Interest Payable .... 1,458
b. Interest Receivable ..... 839
Interest Revenue .... 839
c. Insurance Expense ...... 3,160
Prepaid Insurance ...... 3,160
d. Unearned Rent Revenue ... 5,721
Rent Revenue ...... 5,721

Required:
Analyze the adjusting entries and identify their effects on the financial statement accounts. (Ignore any income tax effects.) Use the following format for youranswer:

Beginning Retained Transaction Assets Liabilities Common Stock Eamings Revenues Expenses

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