For each of the following transactions,indicate the 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.Do not leave any blank spaces.
Transactions:
A.Wages of $5,800 have been earned,but not paid to employees at the end of the year.
B.Supplies in the amount of $2,000 were used during the year,which are currently recorded in the office supplies (inventory)account.
C.Interest has accrued on a note payable.

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The Answer of For each of the following transactions,indicate the 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.Do not leave any blank spaces.
Transactions:
A.Wages of $5,800 have been earned,but not paid to employees at the end of the year.
B.Supplies in the amount of $2,000 were used during the year,which are currently recorded in the office supplies (inventory)account.
C.Interest has accrued on a note payable.

For Each of the Following Transactions,indicate the Direction of Effects