Indicate How Each Event Affects the Financial Statements

question 156

Essay

Indicate how each event affects the financial statements. Use the following letters to record your answer in the box shown below. If an event increases one account and decreases another account equally within the same element, record I/D. If an event has no impact on the element, record NA. You do not need to enter amounts.
Increase = I Decrease = DNot Affected = NA
A transaction recorded as a debit to Cash and a credit to Unearned Revenue.

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Definitions:

Internet Addiction

Internet Addiction is characterized by excessive or poorly controlled preoccupations, urges, or behaviors regarding Internet use that lead to impairment or distress.

Cyber-relationship

An interpersonal relationship that is primarily maintained through electronic communication technologies such as social media, email, or messaging apps.

Gaming

The act of playing games, primarily video or computer games, often viewed as a form of entertainment or hobby.

Sexual

Pertaining to or involving sex, sexual activity, sexual organs, or sexual reproduction.