Below are several accounts from Fulbright Company's accounting records. Columns representing the accounting equation appear to the right of each transaction listed below. Next to each transaction in the column of the respective account classification, write the 1) name of each account, 2) the dollar amount by which each account increases or decreases, and 3) either debit or credit to indicate the effect on the account, for each of the adjustments necessary at the end of May, 2016. Bethany Company records adjustments monthly.

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The Answer of Below are several accounts from Fulbright Company's accounting records. Columns representing the accounting equation appear to the right of each transaction listed below. Next to each transaction in the column of the respective account classification, write the 1) name of each account, 2) the dollar amount by which each account increases or decreases, and 3) either debit or credit to indicate the effect on the account, for each of the adjustments necessary at the end of May, 2016. Bethany Company records adjustments monthly.

Below Are Several Accounts from Fulbright Company's Accounting Records