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Question 5 [15 points] At Apnt month-end, Callaho Inc gathered the information listed below for the preparation of adjusting ontries Indicate whether the required adjusting
Question 5 [15 points] At Apnt month-end, Callaho Inc gathered the information listed below for the preparation of adjusting ontries 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) $10,000 of the rent pand in advance has expired b) $1,500 of the insurance policy purchased in advance has expired c) Consulting work performed but unrecorded at the end of the month totalled $1.250 d) A review of the $12,000 unadjusted balance in the prepaid rent account shows a remaining balance of $6,500 at the end of the month e) $17,000 of the $18,000 rent paid to Callaho Inc. in advance has not yet been earned D $600 of property taxes have accrued and are un recorded 9) $2,700 of the consulting fees paid to Callaho Inc in advance has been earned n) $2,100 of the television advertising paid for in advance has been used i) Accrued salaries at month-end totalled $2 500 The monthly depreciation on the equipment is $470 R) A building Callaho Inc owns is rented out for $1.500 each month. The current month's rent has not been received by month-end D A review of the $12,000 unadjusted balance in the prepaid insurance account shows a remaining balance of 55 500 at the end of the month m) $5,000 of the rent paid in advance has been used n) The estimated monthly depreciation on the furniture is $390 0) $260 of interest has accrued on a note receivable and is unrecorded
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