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Question 3 [15 points) At November month-end, Courtland Corp gathered the information listed below for the preparation of adjusting entries Indim cause an increase (
Question 3 [15 points) At November month-end, Courtland Corp gathered the information listed below for the preparation of adjusting entries Indim cause an increase ( + ), decrease ( - ), or has no effect (NE) on each of the components of the accounting equation. If a tra equation and also an increase in the same component but in a different account, select ( +/-) A = L E a) The estimated monthly depreciation on the furniture is $80, b) A review of the $42,000 unadjusted balance in the supplies account shows a balance on hand at the end of the month of $41,850. c) The estimated monthly depreciation on the building is $100 d) $2.000 of the rent paid in advance has been used e) Unpaid and unrecorded salanes at month-end totalled $8,500 1) A review of the $6.000 unadjusted balance in the prepaid rent account shows a remaining balance of $4,250 at the end of the month g) $2,050 of the advertising paid for in advance has been published by the newspaper h) $250 of the rent paid to Courtiand Corp in advance has been earned D) This month's advertising bill for $8.500 is unrecorded and unpaid 1) $5,000 of the insurance policy purchased in advance has expired k) Interest of $340 has accrued on a note payable but is unrecorded. 1) $50 200 of the $54 000 consulting fees paid to Courtland Corp. in advance has not yet been earned m) The estimated monthly depreciation on the equipment is $120 n) $1,250 of the insurance policy purchased in advance has expired 0) $1,950 of the television advertising paid for in advance has been used
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