For Each of the Following Transactions,indicate the Amounts and Direction

question 50

Not Answered

For each of the following transactions,indicate the amounts 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,and - for decrease,and NE for no effect.
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 bank loan.

---

Definitions:

Tables

Data structures composed of rows and columns used to organize, manage, and store information in a database or spreadsheet.

Queries

Instructions or expressions in databases and search engines used to extract specific information from a set of data.

Forms

Tools or templates in software that allow users to enter and submit information, often used for data entry, registrations, and surveys.

Back Up The Database

The process of creating a copy of data from a database to prevent data loss in case of system failure.