How will the following adjusting journal entry affect the accounting equation? Unearned Subscriptions 11,500                Subscriptions Earned   11,500   a.increase liabilities, increase revenues b.decrease liabilities, decrease revenues c.decrease liabilities, increase revenues d.increase assets, increase revenues

Which of the following types of adjusting entries would result in a decrease in the amount of a one-year insurance policy premium reported on the balance sheet? Select one: O a. Prepaid expense b. Accrued expense C. Accrued revenue d. Unearned revenue

Which of the following entries properly closes a temporary account? Select one: a. Income Summary XX Cash b. C. Debit Credit Expense Accumulated Depreciation XX Income Summary Income Summary d. e. XX Retained Earnings XX Dividends Debit Credit Debit Credit XX Debit Credit Income Summary XX Revenue XX XX Debit Credit XX XX

Prepare a classified balance sheet in proper form.