Question $1[20$ points$]$

with the balances of each account.

a$.$ A review of the $$23,000$ unadjusted balance in the prepaid insurance account shows a remaining balance of $$20,200$ at the end of the year.

b$.$ Unrecorded and uncollected consulting fees at the end of the year were $$10,000.$

c$.$ The yearly depreciation on the furniture is $$650.$

d$.$ Property taxes of $$600$ have accrued but are unrecorded.

e$.$ Southgate Inc. purchased buildings in a previous year for $$81,250$ and expects to sell these buildings for $$10,750$ after ten years.

f$.$ $$250$ of the rent paid to Southgate Inc. in advance has been earned.

g$.$ $$1,650$ of the television advertising paid for in advance has been used.

h$.$ $$2,270$ of interest has accrued on a note payable and is unrecorded.