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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.

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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 e point each) Adjustment Type: Income Statemente Net Revenue Expenses income Balance Sheete Owner's Assetse Liabilities equitye NE e NEE De e NES e NE e Converting Assets to Expenses e Converting Liabilities to Revenue e Accruing Unpaid Expenses Accruing Uncollected Revenue- NE De e to NE NE le

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