1/ 2) State two generally accepted accounting principles that relate to adjusting the accounts. 2/ 10- What is the primary source document for recording (1) cash sales, (2) credit sales? 3/ 12) Drew Carey Company has the following balances in selected accounts on December 31,2010: Accounts Receivable $ ---, Accumulated Depreciation -Equipment -|-, Equipment 7,000, Interest Payable -0-, Notes Payable 10,000, Prepaid Insurance 2,100. All the accounts have normal balances. Prepare adjusting entry and explain its effect on financial statements for the following event, that has been determined on December 31, 2010. "Depreciation on the equipment for 2010 is $1,000