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$10,410 will be paid to ABC Inc. for 30 days of consulting. The consulting period will begin July 28, 2014 and end August 26, 2014

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$10,410 will be paid to ABC Inc. for 30 days of consulting. The consulting period will begin July 28, 2014 and end August 26, 2014 Payment is to be received on August 26, 2014, Fill in the journal below to reflect a. The accrued adjustment on July 31. b. The transaction on completion of the consulting on August 26 The following information is available for X-cell Inc, on February 28 for the month just ended a. A review of the $20,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $13,600 at the end of the month b. Interest of $380 has accrued on a bank loan and is unrecorded c. Of the $6,250 rent paid to X-cell Inc, in advance, $4,500 has not yet been camed d. The estimated monthly depreciation on the building is $190 e. X-cell Inc. purchased equipment at the start of the month. The equipment cost $55,500 and is expected to have a residual value of 57,500 at the end of its five-year the

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