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A September month end Vision Consulting Inc gathered the information listed below for the preparation of adjusting entries Indicate whether the would cause an increase
A September month end Vision Consulting Inc gathered the information listed below for the preparation of adjusting entries Indicate whether the would cause an increase ( + ). decrease ), or has no effect (NE) on each of the components of the accounting equation If a transaction causes accounting equation and also an increase in the same component but in a different account, select ( +/-) ALE a) This month's advertising til for $8 000 is unrecorded and unpaid b) The monthly depreciation on the furniture is $270 c) Property taxes of $400 have accrued but are unrecorded d) A review of the $12.000 unadjusted balance in the prepaid rent account shows a remaining balance of 87.750 at the end of the month e) Vision Consulting incrents part of its building for a monthly fee of $2,000. The rent for the month just past has not been received A review of the $30,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $27 000 at the end of the month 9) $12000 of the rent paid in advance has expired N) $1,450 of the advertising paid for in advance has been published by the newspaper The estimated monthly depreciation on the building is $440 The estimated monthly depreciation on the equipment is $80 k) $3.050 of the television advertising paid for in advance has been used 1) Consulting work performed but unrecorded at the end of the month totalled $3,000 m) $2.000 of the rent paid in advance has been used n) $5 000 of the rent paid in advance has expired ) 89,700 of the $12,000 consulting fees paid to Vision Consulting Inc in advance has not yet been earned Question 3 [10 points)
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