20) For each of the following transactions, indicate the direction of effects of the adjusting entry on the elements of the balance sheet and income statement. Using the following format, indicate + for increase, - for decrease, and NE for no effect. Do not leave any blank spaces. (3 pts) Transactions: A. Wages of $5,800 have been earned, but not paid to employees at the end of the year. B. Supplies in the amount of $2,000 were used during the year, which are currently recorded in the office supplies (inventory) account. C. Interest has accrued on a note payable. Transactio Balance Sheet Income Statement n Asset Liabilitie S S Stockholders Equity Revenue Expense Net S S Incom A. NE 5800 B. -2000 NE C. NE