Refer to E4-3 and E4-4.

Required:

For each of the transactions in E4-3 and E4-4. indicate the amount and 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.

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Transaction E4-3 a. E4-3 b. E4-4 a. E4-4 b. BALANCE SHEET INCOME STATEMENT Assets Liabilities Stockholders' Equity Net Revenues Expenses Income