Four types of adjusting entries were identified in this chapter:

Type I	Converting Assets to Expenses
Type II	Converting Liabilities to Revenue
Type III	Accruing Unpaid Expenses
Type IV	Accruing Uncollected Revenue

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.

	Income Statement				Balance Sheet
Adjustment Type	Revenue	Expenses	Net Income		Assets	Liabilities	Owners' Equity
Type I
Type II
Type III
Type IV