Question 3 [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) Property taxes of $600 have accrued but are unrecorded. b) $90 of interest has accrued on a note payable and is unrecorded. c) The estimated monthly depreciation on the building is $310. d) $2,500 of the insurance policy purchased in advance has expired. e) A review of the $48,000 unadjusted balance in the supplies account shows a balance on hand at the end of the month of $47,600. f) Accrued salaries of $6,000 were not recorded at month-end. g) The estimated monthly depreciation on the equipment is $490. h) A review of the $42,000 unadjusted balance in the prepaid rent account shows a remaining balance of $39,500 at the end of the month. i) Consulting work performed but unrecorded at the end of the month totalled $1,000. 1) The monthly depreciation on the furniture is $110. k) United Corporation rents part of its building for a monthly fee of $1,000. The rent for the month just past has not been received D) $1,750 of the rent paid to United Corporation in advance has been earned. m) A review of the $42,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $37,900 at the end of the month. n) $18,000 of the rent paid in advance has expired. o) of the consulting fees United Corporation received in advance, $2,900 has been earned