Question: need to be done! Weck 5 Instructions I help KQuestion 1 (of 14) E Save & Exit 11 Submit M4-5 Determine Accounting Equation Effects of

 need to be done! Weck 5 Instructions I help KQuestion 1

need to be done!

Weck 5 Instructions I help KQuestion 1 (of 14) E Save & Exit 11 Submit M4-5 Determine Accounting Equation Effects of Deferral Adjustments [LO 4-2] For each of the following transactions for the Sky Blue Corporation, give the accounting equation effects of the adjustments required at the end of the month on Liabilities, or Stockholders' Equity with a minus sign) r 31. (Enter any decreases to Assets a. Collected $2,220 rent for the period October 1 to December 31, which was credited to Uneamed b. Paid $1,056 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that c. Used a machine purchased on October 1 for S40,800. The company estimates annual depreciation of amount $4,080 Assets nsurance Expense epaid Insurance Accumulated Depreciation- Equipment ciation Expense

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