Part 2: Decision-Making Perspectives

Every student will have a different set of numbers when answering the requirements of this Assignment in Connect and therefore while completing the Decision-Making Perspective of this Assignment. Answer the following questions according to your result.

Does the correct (reconciled), adjustment, or adjusted ending balance:

• increase total assets or decrease total assets, or there is no change in total assets? (so, for example, if the adjusted ending balance in the inventory account increased, that means that total assets also increased as a result of that adjustment).
• increase total liabilities or decrease total liabilities or there is no change to total liabilities?
• increase total expenses or decrease total expenses, or there is no change in total expenses? (so, for example, if the adjustment increased salary expenses, that means that total expenses increased as a result of that adjustment).
• increase net income or decrease net income, or there is no change in net income or net loss?

a.	Reconciled balance	$16,250selected answer correct
	Omitted check	$1,792selected answer correct
b.	Necessary adjustment	$571selected answer correct
c.	Depreciation expense	$6,125selected answer correct
d.		Sprayer	Injector
	Depreciation expense	$3,500selected answer correct	$3,200selected answer correct
e.		Services Revenue	Unearned Services Revenue
	Ending balances after adjustment	$64,200selected answer correct	$5,800selected answer correct
f.		Warranty Expense	Estimated Warranty Liability
	Ending balances after adjustment	$1,605selected answer correct	$3,255selected answer correct
g.		Interest Expense	Interest Payable
	Ending balances after adjustment	$0selected answer correct	$0selected answer correct