Question: Four adjusting entries are shown below. a. Wages Expense ........ 2,490 Wages Payable ...... 2,490 b. Accounts Receivable ..... 3,350 Service Revenue ..... 3,350 c.
a. Wages Expense ........ 2,490
Wages Payable ...... 2,490
b. Accounts Receivable ..... 3,350
Service Revenue ..... 3,350
c. Rent Expense ......... 1,760
Prepaid Rent ........ 1,760
d. Unearned Service Revenue ... 4,130
Service Revenue ....... 4,130
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:
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Beginning etaied Transaction Assets Liabilities Common Stock EarninsRevenues Expenses
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