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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.
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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