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Indicate what impact the following adjustments have on the accounting equation: Assets = Liabilities +...

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Accounting

Indicate what impact the following adjustments have on the accounting equation:

Assets = Liabilities + Equity (assume normal balances).

Recorded salaries payable of $3,750

Impact 1: Impact 2:

Prepaid Rent adjusted from $6,000 to $4,000

Impact 1: Impact 2:

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