Refer to E4-6.

Required:

For each transaction in E4-6. 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.

Transcribed Image Text:

BALANCE SHEET Transaction Assets Liabilities Stockholders Equity a. b. C. etc. INCOME STATEMENT Net Revenues Expenses Income