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Question 3 (15 points) At August month-end, Global Filter Corp. gathered the information listed below for the preparation of adjusting entries. Indicate whether the required adjusting entry for each item 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) A building Global Filter Corp. owns is rented out for $1,000 each month. The current month's rent has not been received by month-end. b) of the $24,000 rent paid to Global Filter Corp. in advance, $23,250 has not yet been earned. c) The estimated monthly depreciation on the furniture is $290. d) $3,000 of the rent paid in advance has expired. e) $3,000 of the insurance policy purchased in advance has expired. f) Interest of $210 on notes receivable is unrecorded and unpaid. g) Interest of $380 has accrued on a bank loan and is unrecorded. h) The estimated monthly depreciation on the building is $360. i) A review of the $6,000 unadjusted balance in the prepaid rent account shows a remaining balance of $250 at the end of the month. 1) A review of the $24,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $17,400 at the end of the month. k) $7,000 of the rent paid in advance has been used. 1) Unpaid and unrecorded advertising bills at month-end totalled $2,500. m) $18,000 of the rent paid in advance has expired. n) The estimated monthly depreciation on the equipment is $390. o) Wages of $1,000 have been earned by Global Filter Corp.'s employees but have not yet been paid