Question 5 [15 points) At March month-end, Callaho Inc 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 of 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 (+/-) ALE a) $1,350 of the advertising paid for in advance has been published by the newspaper b) $2,000 of the rent paid in advance has expired c) $3,500 of the insurance policy purchased in advance has expired d) Callaho Incrents part of its building for a monthly fee of $2,250. The rent for the month just past has not been received a) $8,000 of the rent paid in advance has been used The monthly depreciation on the building is $120. 9) The estimated monthly depreciation on the equipment is $290 h) Wages of $5,000 have been eamed by Callaho Inc.'s employees but have not yet been paid DA review of the $18,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $14,700 at the end of the month D) $600 of property taxes have accrued and are unrecorded K) The estimated monthly depreciation on the furniture is $390, 1) $2,000 of the insurance policy purchased in advance has expired m) 37.500 of advertising Callaho Inc placed in the local newspaper is unrecorded and unpaid. n) $1.250 of the rent paid to Callaho Inc in advance has been earned o) A review of the $30,000 unadjusted balance in the prepaid rent account shows a remaining balance of $25,500 at the end of the month