1955 I. Complete the following table by indicating the effect of each adjusting entry type on the major elements of the income statement and balance sheet. Use the symbols I for increase, D for decrease, and NE for no effect. (10 points, 1 point each) Adjustment Type: Income Statement Net Revenue Expenses income Balance Sheet Owner's Liabilities equity Assets NE I NE D NE NE I Converting Assets to Expenses Converting Liabilities to Revenue Accruing Unpaid Expenses Accruing Uncollected Revenue NE D NE NE