How do i figure this one out. accounting help?

Question

How will the following adjusting journal entry affect the accounting equation?

Unearned Subscriptions 12,000 (on debit side)

Subscriptions earned 12,000 (on credit side)

Increase assets, increase revenues

Increase liabilities, increase revenues

Decrease liabilities, increase revenues

Decrease liabilities, decrease revenues

Answer 1

This is a link to a study guide to help you work out the answer..

http://accountinginfo.com/study/je/index...