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Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) a. Depreciation on the
Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) a. Depreciation on the company's wind turbine equipment for the year is $5,700. b. The Prepaid Insurance account for the solar panels had a $2,700 debit balance at December 31 before adjusting for the costs of any expired coverage. Analysis of prepaid insurance shows that $950 of unexpired insurance coverage remains at year-end. c. The company received $5,100 cash in advance for sustainability consulting work. As of December 31, one-third of the sustainability consulting work had been performed. d. As of December 31, $1,900 in wages expense for the organic produce workers has been incurred but not yet paid. e. As of December 31, the company has earned, but not yet recorded, $470 of interest revenue from investments in socially responsible bonds. The interest revenue is expected to be received on January 12 Ces Exercise 3-14 (Algo) Analyzing effects of adjusting entries on financial statements LO P5 For each of the above separate cases, determine the financial statement impact of each required year-end adjusting entry. Fill in the table below by indicating the amount and direction ((+) increase or (-) decrease) of the effect. Adjusting Entry Net Income (-) decrease b. c d e. Total Assets Total Liabilities Total Equity
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