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answer the questions below At July monthend, Oppong Corporation gathered the Information listed below for the preparation of adjusting entries. Indicate whether the reqUIred adjusting

answer the questions below

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At July monthend, Oppong Corporation gathered the Information listed below for the preparation of adjusting entries. Indicate whether the reqUIred adjusting entry tor each item would cause an increase ( + ) , decrease ( l , or has no eect (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 component but in a different account, select ( +f }. a) The estimated monthly depreciation on the equipment is $270. b) $5,000 of the insurance policy purchased in advance has expired. c) A review of the $12,000 unadjusted balance in the prepaid rent account shows a remaining balance of $3,250 at the end of the month. d) $750 of the insurance policy purchased in advance has expired. e) This month's advertisirg bill for $4,000 is unrecorded and unpaid. I) The monthly depreciation on the buildirg is $50. g) $210 of interest has accmed on a note receivable and is unrecorded. h) $2,500 of the rent paid in advance has expired. i) $3,200 of the television advertising paid for in advance has been used. j) A review of the $30,000 unadjusted balance in the supplies account shows a balance on hand at the end of the month of $29,700. It) $950 of the advertising paid for in advance has been published by the newspaper. I) $7,000 of the rent paid in advance has been used. In) Acaned salaries at month-end totalled $3,500. n) A review of the $48,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $42,900 at the end of the month. o) Dppong Corporation rents part of its building for a monthly fee of $1,500. The rent for the month just past has not been received

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