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Required information The following formation coes to the questions cluyed below) The following are transactions for the Sky Bue Corporation a Collected $5,250 rent for

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Required information The following formation coes to the questions cluyed below) The following are transactions for the Sky Bue Corporation a Collected $5,250 rent for the period October 1 to December which was credited to Defend Revenue on October 1 Paid $480 for two year insurance premium on October tant debied Prepaid ce format gant cused machine purchased on October for $59.400 The company estimates depreciation $5.940 Required For each of the above transactions for the Sky Blue Corporation, give the accounting equation effects of the adjustments required at the end of the month on October in any decreases to Assets, La Stockholders uity with a minus sign . h

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