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 is recognized, the liability for unearned revenue decreases and the revenue account in stockholders' equity increases, resulting in a decrease in liabilities and an increase in stockholders' equity. There is no effect on assets.

What Happens to the Accounting Equation When the Adjustment Is