As soon as Possible

Question 3 (15 points) Holden Corp. recorded the following transactions during September, as well as some items requiring adjusting transactions at month-end. Indicate whether each transaction or adjusting entry 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 one component of the accounting equation and also an increase in the same component but in a different account, select ( +/-). A = L + E a) September 19: Holden Corp. returned $300 of defective supplies today that were originally purchased for cash. b) September 18: Holden Corp. bought $600 of supplies paying $100 cash and $500 on account. c) At month-end: $5,000 of the rent paid in advance has been used. d) At month-end: $750 of the rent paid to Holden Corp. in advance has been earned. e) At month-end: A review of the $42,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $36,300 at the end of the month. f) September 23: Performed consulting services today and collected $200. g) At month-end: Accrued salaries at month-end totalled $5,500. h) At month-end: Consulting work performed but unrecorded at the end of the month totalled $6,750. 1) September 2: Holden Corp purchased $34,000 of equipment by borrowing the amount from the bank through a short-term note payable. 1) September 10: Holden Corp. paid rent in advance; $1,250. k) September 23: Carter Stark (a shareholder), received share capital in Holden Corp., after investing $25,000 cash and $40,000 worth of equipment in Holden Corp. 1) September 7: A client rented equipment for $500 cash. m) September 19: The $1,000 bill for the advertising campaign that ran last week was received today. It will be paid within 30 days. n) At month-end: $1,000 of the rent paid in advance has expired. 0) September 23: Holden Corp purchased trucks for $28,000, borrowing this amount from the bank through a short-term note payable