Question: 1. For Each December 31 adjusting entry, indicate the amount impacted along with the amount and direction (+ or -) of the effects on the
1. For each December 31 adjusting entry, indicate the account impacted along with the amount and direction (+ or -) of the effects on the accounting equation by filling in the following table. The first entry is completed. Liabilities Equity -$100 inwurance expense Asset -$100 Prepaid insurance Adjusting Entry Prepaid Insurance b. Supplies c. Accrued Wages d. Accrued Revenue Unnamed Revenue 1. For each December 31 adjusting entry, indicate the account impacted along with the amount and direction (+ or -) of the effects on the accounting equation by filling in the following table. The first entry is completed. Liabilities Equity -$100 inwurance expense Asset -$100 Prepaid insurance Adjusting Entry Prepaid Insurance b. Supplies c. Accrued Wages d. Accrued Revenue Unnamed Revenue
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