State the Effect on Net Income,total Assets,total Liabilities,and Shareholders' Equity

question 11

Essay

State the effect on net income,total assets,total liabilities,and shareholders' equity if the following adjustments are omitted by completing the chart below.
a.Utilities expense incurred but not yet paid,$350.
b.Supplies used during the current period,$650.
c.Service revenue earned,but not yet collected,$4,500.
d.Unearned revenue earned during the period,$900.
e.Depreciation on equipment,$2,600.

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Definitions:

X-linked Recessive

An X-linked recessive trait is a mode of genetic inheritance by which a mutation in a gene on the X chromosome causes the phenotype to be expressed in males and in females who are homozygous for the gene mutation.

Color-blindness

A genetic condition where an individual's perception of colors is different from normal due to the lack of or malfunction of certain color-detecting molecules in the eyes.

Heterozygous

Possessing unlike alleles for a particular trait.

Down Syndrome

A genetic disorder caused by the presence of an extra 21st chromosome, leading to developmental and physical changes.