3.2 Adjusting Entries - BS Effects (25 points) The following information is available for Barton Corporation on June 30 for the month just ended, a. The estimated monthly depreciation on the building is $420, b. A review of the $20,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $18,600 at the end of the month. c. Property taxes of $300 have accrued but are unrecorded. d. Of the rent paid to Barton Corporation in advance, $750 has been earned. e, Barton Corporation purchased furniture at the start of the month, The furniture cost $10,500 and is expected to have a residual value of $1,500 at the end of its five-year life. Prepare the required adjusting entries at June 30, 2014 Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (.e., January 15 would be 15/Jan). For each journal entry, indicate how each account affects the balance sheet (Assets, Liabilities, Equity). Use + for increase and - for decrease, For example, if an account decreases equity, choose '-Equity'. General Journal Page GJB Effect On Date AccountExplanation F Debit Credit Balance Sheet