Question
sestion 3 [15 points] March month-end, Weber inc gathered the information listed below for the preparation of adjusting entries. Indicate whether the required adjusting
sestion 3 [15 points] March month-end, Weber inc gathered the information listed below for the preparation of adjusting entries. Indicate whether the required adjusting entry for each dem 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 a different account, select (+-) $1,500 of the insurance policy purchased in advance has expired. Interest of $370 on notes receivable is unrecorded and unpaid $2,500 of the rent paid in advance has expired Accrued salaries at month-end totaled $1,500 B) A review of the $30,000 unadjusted balance in the supplies account shows a balance on hand at the end of month of $29,450 the This month's advertising bill for $6.000 is unrecorded and unpaid. g) The monthly depreciation on the future is $310. h) Unrecorded and uncollected consulting foes at the end of the month were $2,250 The monthly depreciation on the building is $240 $4,750 of the television advertising paid for in advance has been used. k) $4,200 of the consulting fees paid to Weber Inc in advance has been earned Interest of $280 has accrued on a note payable but is unreconded. m) A review of the $40,000 unadjusted balance in the prepaid rent account shows a remaining balance of $44,750 at the end of the month A review of the $36,000 unadjusted balance in the prepast insurance account shows a remaining balance of $30,700 at the end of the month: o) $2,500 of the insurance policy purchased in advance has expired A-LE please use all the signs +,-,+-,ne
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