Sales are made to customers on credit. Revenue has been earned but not yet recorded. Payments are received prior to providing the services to customers. Cash sales are made to customers. What effect does "recognizing accrued interest revenue at the end of the accounting period" have on the accounting equation? Assets increase and stockholders' equity decreases. Assets increase and stockholders' equity increases. Assets decrease and liabilities decrease. Liabilities increase and stockholders' equity decreases. What effect does "recognizing revenue at the end of the accounting period for rent previously received in advance" have onthe accounting equation for the insurance company? Assets increase and liabilities decrease. Assets increase and stockholders' equity increases. Assets decrease and liabilities decrease. Liabilities decrease and stockholders' equity increases. Question Which one of the following is an example of an accrued liability? Rent that has been incurred, but have not been paid at the end of the period. Equipment that will benefit several periods has been purchased. An insurance policy that expires in a future period has been acquired. Supplies are purchased and used over several months.