The Quasar Company is a consulting firm specializing in pollution control. The following adjustments were made for The Quasar Company: Adjustments Account Increase (Decrease)Accounts Receivable ………….. $ 7,140Supplies ……………….. (1,715)Prepaid Insurance ……………. (1,400)Accumulated Depreciation—Equipment ……. 2,520Wages Payable …………….. 1,260Unearned Rent ……………. (3,500)Fees Earned ……………… 7,140Wages Expense ……………. 1,260Supplies Expense ……………. 1,715Rent Revenue ……………. 3,500Insurance Expense ………….. 1,400Depreciation Expense ………….. 2,520Identify each of the six pairs of adjustments. For each adjustment, indicate the account, whether the account is increased or decreased, and the amount of the adjustment. No account is affected by more than one adjustment. Use the following format. The first adjustment is shown as anexample.
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The Quasar Company is a consulting firm specializing in pollutio



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