Peterson Corporation recorded an adjusting entry using T-accounts as follows:Depreciation Expense750 Accumulated Depreciation 750 Which of the following reflects how this adjustment affects the company's financial statements? Assets=Liab.+EquityRev.-Exp.=Net Inc.Stmt ofCash FlowsA.+=++NANA-NA=NA+FAB.-=NA+-NA-+=-NAC.+=NA+++-NA=++OAD.-=-+NANA-+=--OA
A. Option A
B. Option B
C. Option C
D. Option D
Answer: B
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