Question 2 [50 points] The following information is available for ABC Inc. on November 30 for the month just ended. a. Accrued salaries at month-end totalled $7,500 b. Unpaid and unrecorded advertising bilis at month-end totalled $2,500 c. Property taxes of $700 have accrued but are unrecorded d. 83,100 of the advertising paid for in advance has been published by the newspaper e $1,750 of the rent paid in advance has expired. The estimated monthly depreciation on the building is $60. The monthly depreciation on the equipment is $100. h. The monthly depreciation on the furniture is $500 A review of the $18,000 unadjusted balance in the prepaid rent account shows a remaining balance of $12,500 at the end of the month of the S6,700 consulting fees ABC Inc. received in advance $6,000 has not yet been earned Prepare the required adjusting entries at November 30, 2014 Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format ddimmm (t.e., January 15 would be 15Jan). Fe Indicate how each account affects the balance sheet (Assets, Liabilities, Equity). Use for increase and for decrease. For example, if an account decreases equity, choose General Jouma Page GJU Effect On Accountilanation F Debit Credit Balance Shoot + - - Holly Prepare the required adjusting entries at November 30, 2014 Enter the transaction letter as the description when entering the transactions in th indicate how each account affects the balance sheet (Assets, Liabilities, Equity). General Journal Page GJB Effect on Date Account Explanation F Debit Credit Balance Sheet + + + + + LL LE - + esc * F2 80 3 Q 35 #