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Al September month end, Southgate Inc, gathered the information listed below for the preparation of adjusting entries Indicate whether the required adjusting entry for each

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Al September month end, Southgate Inc, gathered the information listed below for the preparation of adjusting entries Indicate whether the required adjusting entry for each itom would cause an increase ( - ). decrease ( - ), or has no effect (NE) on each of the components of the accounting equation. If a transaction causes a decrease in ono component of the accounting equation and also an increase in the same component but in a different account, select (+/-) ALE a) $10,000 of the rent paid in advance has been used b) Unrecorded and uncollected consulting fees at the end of the month were $2,250 c) The estimated monthly depreciation on the building is $440 g) A review of the $12.000 unadjusted balance in the prepaid insurance account shows a remaining balance of 59.700 at the end of the month c) of the consulting fees Southgate Inc received in advance $2,200 has been camed Accrued salaries at month-end totalled $9.500 Of the rent paid to Southgate Inc. in advance $750 has been eamed h) Interest of $290 on notes receivable is unrecorded and unpaid $4,000 of the insurance policy purchased in advance has expired $1.000 of advertising Southgate Inc placed in the local newspaper is unrecorded and unpaid k) Property taxes of $200 have accrued but are unrecorded 0 $2,000 of the television advertising paid for in advance has been used m) The monthly depreciation on the equipment is $230 n) The estimated monthly depreciation on the furniture is $150 b) A review of the $18,000 unadjusted balance in the prepaid rent account shows a remaining balance of 518 500 at the end of the month LILIT TIL

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