Question: UZ Saved Help Save & Ex How does the adjusting entry to recognize the portion of the unearned revenue that a company earned during the

UZ Saved Help Save & Ex How does the adjusting entry to recognize the portion of the unearned revenue that a company earned during the accounting period affect the elements of the financial statements? 00 Multiple Choice A decrease in dies and an increase in equity A decrease in met and a decrease in the An increase in Babes and decrease in ty As increase in stand decrease in Pro 80 8 E @ % A $ 4 & 7 1 N 3 5 6 8 The following accounts and balances were drawn from the records of Barnes Company: Cash Accounts receivable Equipment Accumulated depreciation Accounts payable Common stock $ 4,500 $ 2,700 $10,000 $ 3,200 $ 2,800 $ 6,000 Based on this information alone the amount of Barnes's retained earnings is Multiple Choice $5.200 $17.200 None of these answers is correct $11,600

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