Effects_of_Adj_entries_on_Financials - Increase No effect...

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THE EFFECTS OF ADJUSTING ENTRIES ON THE FINANCIAL STATEMENTS Income Statement Balance Sheet Adjustment Revenue Expenses Net Income Assets Liabilities Owners' Equity Type I Converting Assets to Expenses No effect Increase Decrease Decrease No effect Decrease Type II Converting Liabilities to Revenue
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Unformatted text preview: Increase No effect Increase No effect Decrease Increase Type III Accruing Unpaid Expenses No effect Increase Decrease No effect Increase Decrease Type IV Accruing Uncollected Revenue Increase No effect Increase Increase No effect Increase...
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