Question 2 (15 points) At January 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) $500 of the insurance policy purchased in advance has expired. b) A review of the $30,000 unadjusted balance in the supplies account shows a balance on hand at the end of the month of $29,350. c) $320 of interest has accrued on a note receivable and is unrecorded. d) $1,850 of the television advertising paid for in advance has been used. e) $8,000 of the rent paid in advance has been used. f) $3,100 of the advertising paid for in advance has been published by the newspaper. 9) $3,500 of the insurance policy purchased in advance has expired. h) Consulting work performed but unrecorded at the end of the month totalled $8,500. i) The monthly depreciation on the furniture is $390. j) Interest of $170 has accrued on a note payable but is unrecorded. k) $6,000 of the rent paid in advance has expired. D) The monthly depreciation on the equipment is $260. m) Global Filter Corp.rents part of its building for a monthly fee of $1,000. The rent for the month just past has not been received n) Property taxes of $800 have accrued but are unrecorded. o) $4,500 of the rent paid in advance has expired