Question 2 [15 points] At July month-end, United Corporation 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 review of the $18,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $16,800 at the end of the month. b) The monthly depreciation on the building is $110. c) $1,000 of the rent paid in advance has been used. d) Unrecorded and uncollected consulting fees at the end of the month were $8,250. e) $2,500 of the insurance policy purchased in advance has expired. f) $4,000 of the television advertising paid for in advance has been used. g) This month's advertising bill for $4,500 is unrecorded and unpaid h) The estimated monthly depreciation on the furniture is $390. i) A review of the $60,000 unadjusted balance in the supplies account shows a balance on hand at the end of the month of $59.400. 1) $2,000 of the insurance policy purchased in advance has expired. k) Property taxes of $400 have accrued but are unrecorded. D) Interest of $250 on notes receivable is unrecorded and unpaid. m) of the consulting fees United Corporation received in advance, $3,600 has been earned. n) The estimated monthly depreciation on the equipment is $260. o) Interest of $100 has accrued on a note payable but is unrecorded