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

question 99

Essay

For each of the following transactions,indicate the amounts and direction of effects of the adjusting entry on the elements of the statement of financial position and income statement.Using the following format,indicate + for increase,and - for decrease,and NE for no effect.
Transactions:
a.We have accrued wages owed but not paid to our employees at the end of the year,$4,500.
b.We used supplies in the amount of $6,000 during the year that are currently recorded in the office supplies account.
c.The one year bank loan we took out on October 1,20A,in the amount of $100,000 has accrued interest that will not be paid until September 30,20B,along with the principal.

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Definitions:

SA Node

The sinoatrial node, a group of cells in the right atrium of the heart that acts as a natural pacemaker, initiating the heart's electrical impulses.

AV Node

The AV Node, or Atrioventricular Node, is a part of the heart's electrical system that acts as a gatekeeper, controlling the electrical impulses between the atria and ventricles.

Cardiac Conduction

The process by which the heart's electrical system transmits signals, leading to muscle contraction and heartbeats.

Cardiac Control Center

The area of the brain that regulates the rate and strength of heart contractions, primarily located in the medulla oblongata.