8 [15 points] At January month-end, Velor Inc. gathered the information listed below for the preparation of adjusting entries. Indicate whether the required adjusting entry for each item would cause an increase (+ -), or has no effect (NE) on each of the components of the accounting equation. If a transaction causes a decrease in one component of the accounting equation and also an increase in the same co in a different account, select (+/-) a) Consulting work performed but unrecorded at the end of the month totaled $2,000. b) This month's advertising bill for $1,500 is unrecorded and unpaid. c) $250 of the insurance policy purchased in advance has expired. d) The estimated monthly depreciation on the fumiture is $80 e) Wages of $6,000 have been earned by Velor Inc.'s employees but have not yet been paid. f) 54,900 of the television advertising paid for in advance has been used. g) $5,000 of the insurance policy purchased in advance has expired. h) Interest of $470 has accrued on a note payable but is unrecorded A review of the $24,000 unadjusted balance in the prepaid rent account shows a remaining balance of $21,500 at the end of the month i) $800 of property taxes have accrued and are unrecorded k) The monthly depreciation on the building is $110. () Valor Inc. rents part of its building for a monthly fee of $1,750. The rent for the month just past has not been received m) The monthly depreciation on the equipment is $460 n) $20,000 of the rent paid in advance has expired. o) $2,050 of the advertising paid for in advance has been published by the newspaper A LE At January month-end, Velor Inc. gathered the information listed below for the preparation of adjusting entries. Indicate whether the required adjusting entry for each item would cause an increas -), or has no effect (NE) on each of the components of the accounting equation. If a transaction causes a decrease in one component of the accounting equation and also an increase in the sam in a different account, select (+/-) a) Consulting work performed but unrecorded at the end of the month totalled $2.000 b) This month's advertising bill for $1,500 is unrecorded and unpaid c) $250 of the insurance policy purchased in advance has expired d) The estimated monthly depreciation on the furniture is $80. e) Wages of $6,000 have been earned by Velor Inc.'s employees but have not yet been paid f) $4,900 of the television advertising paid for in advance has been used g) $5,000 of the insurance policy purchased in advance has expired h) Interest of $470 has accrued on a note payable but is unrecorded. i)A review of the $24,000 unadjusted balance in the prepaid rent account shows a remaining balance of $21,500 at the end of the month k) $800 of property taxes have accrued and are unrecorded. The monthly depreciation on the building is $110 1) Valor Inc. rents part of its building for a monthly fee of $1,750. The rent for the month just past has not been received m) The monthly depreciation on the equipment is $400. n) 520,000 of the rent paid in advance has expired o) 52.050 of the advertising paid for in advance has been published by the newspaper ALE