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.
Definitions:
Methodology
The systematic, theoretical analysis of the methods applied to a particular field of study.
Educational Curriculum
A structured set of intended learning outcomes, content, and experiences provided by an educational institution.
Classification Skills
The cognitive ability to organize objects, ideas, or information into categories based on shared characteristics or relations.
Multiple Intelligences
A theory proposing that individuals possess various forms of intelligence, including linguistic, logical-mathematical, spatial, and others, each representing different ways of processing information.
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