The balance in the unearned rent account for jackson co. as of december 31 is $1,500. if jackson co. failed to record the adjusting entry of $500 of rent earned in december, the effect on the balance sheet and income statement for december would be
a. liabilities overstated $1,000; net income overstated $1,000.
b. assets understated $500; net income overstated $500.
c. liabilities overstated $500; net income understated $500.
d. liabilities understated $500; net income understated $500

the answer is B

Step-by-step explanation:

the system of inequity is

step-by-step explanation:

from the given graph it is noticed that we have two related lines. one is solid and another is dashed.

if a line passing through two points, then the equation of line is

the solid line passing through the points (0,4) and (4,0).

the related equation of solid line is .

similarly, find the related equation of dashed line. the dashed liune passing through the points (0,0) and (3,1).

the related equation of dashed line is

from the given graph it is noticed that the point (0,1) lies on the shaded region, therefore the point (0,1) must be satisfied by the related equations.

check the related equations by the point (0,1).

this statement is true if the sign of inequality is < instead of equality. since it is an solid line therefore the sign of inequality will be . the required inequality is

similarly, check the second related equation.

it is a dashed line, so this statement is true if the sign of inequality is > . the required inequality is

160

step-by-step explanation:

idk

i hope i