galaxy entertainment prepares monthly financial statements. On July 31, the accountant made adjusting entries to record:

A.) depreciation for the month of July

B.) the portion of prepaid rent for outdoors stage and seating which had expired in July.

C.) earning of ticket revenue for July which had been subscribed in advance. (When patrons purchase the summer jazz series tickets in advance, the accountant credits unearned ticket revenue)

D.) amount owed to galaxy from the caterer who sold food and drink during performances. The amount due will be paid to the company on aug 8th.

E.) amount owed to the musicians which had accrued since the last pay day in July.

Indicate the effect of each of these adjusting entries on the major elements of the company's financial statements that is on revenue, expenses, net income, assets, liabilities, and owners equity. Organize your answer in tabular form using the headings shown and symbols + for increase, - for decrease, and NE for no effect.

Income Statement ustn Entry Net Assets Income