7 Receiving payment of a portion of an accounts receivable will not affect total assets. increase liabilities. increase stockholders' equity decrease net income. 1 Adjustments are: not necessary if the accounting system is operating properly. usually required before financial statements are prepared. made whenever management desires to change an account balance. made to balance sheet accounts only. On June 1, 2017, England Inc. reported a cash balance of $42,000. During June, England made deposits of $16,000 and made disbursements totaling $48,000. What is the cash balance at the end of June? $74,000 $58,000 $10,000 $6,000