What happens to the accounting equation when the adjustment is recorded to recognize earned revenue previously recorded as unearned revenue?

Question

Quizplus · Accepted Answer

When earned revenue previously recorded as unearned revenue is recognized, the liability for unearned revenue decreases and revenue increases, resulting in an increase in stockholders' equity. There is no impact on assets or liabilities other than the decrease in the unearned revenue liability.

What Happens to the Accounting Equation When the Adjustment Is