s Question Completion Status: QUESTION 21 Adjusting entries: O Affect only income statement accounts. O Affect only balance sheet accounts. O Affect both income statement and balance sheet accounts O Affect cash accounts. O Affect only equity accounts. QUESTION 22 The total amount of depreciation recorded against an asset over the entire time the asset has been owned O Is referred to as deprectation expense. O Is referred to as accumulated depreciation. Is shown on the income statement of the final period. 0 Is only recorded when the asset is disposed of. Is referred to as an accrued asset. QUESTION 23 Click Save and Submit to save and submit. Click Save All Ansuers to save all answers