Description
Does the correct (reconciled), adjustment, or adjusted ending balance:
1. increase total assets or decrease total assets, or there is no change in total assets? (so, for example, if the adjusted ending balance in the inventory account increased, that means that total assets also increased as a result of that adjustment).
2. increase total liabilities or decrease total liabilities or there is no change to total liabilities?
3. increase total expenses or decrease total expenses, or there is no change in total expenses? (so, for example, if the adjustment increased salary expenses, that means that total expenses increased as a result of that adjustment).
4. increase net income or decrease net income, or there is no change in net income or net loss?
Font size 12, with one-inch margins on all sides, excluding the screenshots, cover page, and reference page. Your submission should include a separate cover page with your name, date, ACC211-Financial Accounting, and Module 7 Major Assignment on the cover page; and a separate reference page. The screenshots should be properly labeled. copy and paste, in bold type, those 4 Questions into your Word document, and you can include the screenshot(s) as an Exhibit to your Word document, too.
