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.

---

Definitions:

Exchange of Messages

The process by which information is communicated between individuals, groups, or systems, often involving a sender, message, and recipient.

Terminally Ill Patients

Individuals diagnosed with an illness that cannot be cured and is expected to lead to their death.

Medicine

The science and practice of diagnosing, treating, and preventing disease and injury, as well as maintaining overall health.

Lifespan Development Model

A framework used to understand and categorize the physical, cognitive, and socioemotional changes individuals go through from birth to old age.