For transactions (a) through (c) in the last question, indicate the effect of the adjusting entry on the elements of the balance sheet and income statement. Note: Reductions in account balances should be indicated with a minus sign. a. Estimated electricity usage at $450 for December; to be paid in January of next year. b. On September 1 of the current year, loaned $6,000 to an officer who will repay the loan principal and interest in one year at an annual interest rate of 14 percent. will pay c. Owed wages to 10 employees who worked four days at $200 each per day at the end of the current year. The company employees at the end of the first week of next year. Transaction a. b. C. Assets Balance Sheet Liabilities Stockholders' Equity Revenues Income Statement Expenses Net Income

For transactions (a) through (c) in the last question, indicate the effect of the adjusting entry on the elements of the balance sheet and income statement. Note: Reductions in account balances should be indicated with a minus sign. a. Estimated electricity usage at $450 for December; to be paid in January of next year. b. On September 1 of the current year, loaned $6,000 to an officer who will repay the loan principal and interest in one year at an annual interest rate of 14 percent. c. Owed wages to 10 employees who worked four days at $200 each per day at the end of the current year. The company will pay employees at the end of the first week of next year