Quest

At September month end ABC Inc gathered the information listed below for the preparation of adjusting entries Indicate whether the required adjusting entry for each fem would cause an chose(+) 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 equations and also an increase in the same component but in a different account select (+/-

)

A = L + E a) A review of the $24,000 unadjusted balance in the prepaid rent account shows a remaining balance of $20,750 at the end of the month b) $1,500 of the rent paid to ABC Inc. in advance has been earned. c) Consulting work performed but unrecorded at the end of the month totalled $4,500. d) Accrued salaries of $1,500 were not recorded at month-end e) The estimated monthly depreciation on the equipment is $380. f) $1,750 of the insurance policy purchased in advance has expired. g) $4,650 of the television advertising paid for in advance has been used h) A review of the $54,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $49,600 at the end of the month D) $4,050 of the advertising paid for in advance has been published by the newspaper D) Property taxes of $500 have accrued but are unrecorded. k) A building ABC Inc. owns is rented out for $1,500 each month. The current month's rent has not been received by month-end 1) $180 of interest has accrued on a note receivable and is unrecorded. m) $6,000 of the rent paid in advance has expired. n) The monthly depreciation on the furniture is $440 o) The monthly depreciation on the building is $220