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Question 3 [15 points] Al March month-end. ABC Inc. gathered the information listed below for the preparation of adjusting entries. Indicate whether the required
Question 3 [15 points] Al March month-end. ABC Inc. gathered the information listed below for the preparation of adjusting entries. Indicate whether the required adjusting entry for each dum would cause an e) done), han no effect (NE) on each of the components of the accounting equation. If a transaction causes a decrease in one component of the accounting ouition and aho an increase in t account select (+/-) same component ut a) $3,000 of the rent paid in advance has expired b) The monthly depreciation on the furniture is $220 c) Consulting work performed but unrecorded at the end of the month totaled $2.750 d) $12.000 of the rent paid in advance has expired e) $1,900 of the television advertising paid for in advance has been used $1,750 of the rent paid to ABC Inc in advance has been camed g) A review of the $54,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $50,600 at the end of the month h) $8,000 of the rent paid in advance has been used i) A review of the $60,000 unadjusted balance in the prepaid rent account shows a remarang balance of $52,750 at the end of the month $4,100 of the advertising paid for in advance has been published by the newspaper k) Accrued salaries at month-end totaled $3,500 $200 of property taxes have accrued and are unrecorded m) $1,100 of the consulting fees paid to ABC Inc in advance has been eamed n) 5160 of interest has accrued on a note receivable and is onrecorded o) Interest of $340 has accrued on a note payable but is unrecorded Question 4 [15 points] Type here to searc 2PC Survy &00
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