The Quasar Company is a consulting firm specializing in pollution control. The following adjustments were made for The Quasar Company: Adjustments Account Increase (Decrease) Accounts Receivable $...

The Quasar Company is a consulting firm specializing in pollution control. The following adjustments were made for The Quasar Company: Adjustments Account Increase (Decrease) Accounts Receivable $ 7,140 Supplies (1,715) Prepaid Insurance (1,400) Accumulated Depreciation—Equipment 2,520 Wages Payable 1,260 Unearned Rent (3,500) Fees Earned 7,140 Wages Expense 1,260 Supplies Expense 1,715 Rent Revenue 3,500 Insurance Expense 1,400 Depreciation Expense 2,520 Identify each of the six pairs of adjustments. For each adjustment, indicate the account, whether the account is increased or decreased, and the amount of the adjustment. No account is affected by more than one adjustment. Use the following format. The first adjustment is shown as an example. Adjustment Account Increase or Decrease Amount 1. Accounts Receivable Increase $7,140 Fees Earned Increase 7,140