Question 2 [50 points) The following information is available for Southgate Inc. on September 30 for the month just ended. a. The monthly depreciation on the equipment is $140. b. Wages of $1,500 have been earned by Southgate Inc.'s employees but have not yet been paid. c. Interest of $210 has accrued on a note payable but is unrecorded. d. 5600 of the rent paid in advance has been used e Of the consulting fees Southgate Inc received in advance, $3,000 has been earned. 1. $400 of property taxes have accrued and are unrecorded. 9. $4.700 of the advertising paid for in advance has been published by the newspaper, h Southgate Inc. purchased a building at the start of the month. The building cost $28,600 and is expected to have a residual value of $4,600 at the end of its five-year life, LA review of the $4,300 unadjusted balance in the supplies account shows a balance on hand at the end of the month of $3,800. Furniture purchased at the start of the month for $22,500 is estimated to have a useful life of five years. After this time, the furniture will be sold for $1,500 Prepare the required adjusting entries at September 30, 2014 Enter the transaction letter as the description when entering the transactions in the Journal. Dates must be entered in the format ddimmm (.o., January 15 would be 151Jan). Fo indicate how each account affects the balance sheet (Assets, Liabilities, Equity) Use + for increase and for decrease. For example, if an account decreases equi. Choose LE General Journal Page Go Effect on Dale Account Explanation F Debit Credit Balance Sheet Page GJE General Journal Account/Explanation Effect On Balance Sheet Date F Debit Credit - + - + + - + 1 + + - + - + +