Refer to E4€“ 9.
a. Cardon€™s winterized (cleaned and covered) three boats for customers at the end of November, but did not prepare the bill of $ 2,700 for the service it provided until December.
b. On October 1, 2015, Cardon€™s paid $ 1,200 to the local newspaper for an advertisement to run every Thursday for 12 weeks. All ads have been run except for three Thursdays in December to complete the 12- week contract.
c. On April 1, 2015, Cardon€™s borrowed $ 300,000 at an annual interest rate of 4 percent to expand its boat storage facility. The loan requires Cardon€™s to pay the interest quarterly until the note is repaid in three years. Cardon€™s paid quarterly interest on July + and October 1, 2015.
d. The Kwan family paid Cardon€™s $ 4,500 on November 1, 2015, to store its sailboat for the winter until May 1, 2016. Cardon€™s credited the full amount to deferred storage revenue on November 1.
e. Cardon€™s used boat- lifting equipment that cost $ 220,000; the estimated depreciation for fiscal year 2015 is $ 22,000.
f. Boat repair supplies on hand at December 1, 2014, totalled $ 16,500. Repair supplies purchased and debited to Supplies Inventory during the year amounted to $ 46,000. The year- end inventory count showed $ 12,400 of the supplies remaining on hand.
g. Wages earned by employees during November 2015, unpaid and unrecorded at November 30, 2015, amounted to $ 3,800. The next payroll date will be December 5, 2015.
Required:
For each of the transactions in E4€“ 9, indicate the amount and direction of the effects of the adjusting entry on the elements of the statement of financial position and statement of earnings. Use the following format: + for increase, €“ for decrease, and €œ N€ for no effect.

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Statement of Financial Position Statement of Earnings Shareholders Equity Net Transaction Assets Liabilities Revenues Expenses Earnings etc