Identify the Effects of Each of the Following Items on the Accounting

question 153

Essay

Identify the effects of each of the following items on the accounting equation.Show the correct dollar amount and write in the name of the account involved.The first entry has been done for you.
a.Supplies used up during the period,$100
b.Prepaid rent used up during the period,$320
c.Interest accrued on a note payable but unpaid,$250
d.Depreciation on long-term assets,$6,000
e.The portion of unearned revenue that has been earned,$1,400
f.A $12,000,12-month insurance policy was purchased 3 months ago.An end of the year adjustment must be made

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Definitions:

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The concept that one’s gender is a permanent feature.

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The ability to mentally process information, reason, remember, and relate objects and symbols with understanding and problem-solving skills.

Media Violence

Refers to the depiction of violent acts in media sources, such as television, movies, and video games, and its potential impact on viewers' behavior and attitudes.