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The following information is available for Northstar Corp. on August 31 for the year just ended a. A review of the $20,000 unadjusted balance in

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The following information is available for Northstar Corp. on August 31 for the year just ended a. A review of the $20,000 unadjusted balance in the prepaid insurance account shows a remaining balance of $16.400 at the end of the year b. Of the rent paid to Northstar Corp. in advance $1.750 has been earned The estimated yearly depreciation on the furniture is $350 d. $8,700 of property taxes have accrued and are unrecorded e Northstar Corp purchased equipment in a previous year for $27.000 and plans to sell this equipment for $4,625 at the end of its five year useful f Buildings purchased in a previous year for $89,250 will be sold after ten years for $9.750 9. A review of the $1.600 unadjusted balance in the supplies account shows a balance on hand at the end of the year of $1,000 h. Interest of S1,520 has accrued on a note payable but is unrecorded Unpaid and unrecorded advertising bills at year-end totalled $3,000, $1 600 of the advertising paid for in advance has been published by the newspaper 0 An Prepare the required adjusting entnes at August 31, 2014 Enter the transaction letter as the description when entering the transactions in the journal Dates must be entered in the format dd mmm January 15 would be 15/Jan) For each joumal entry indicate how each account affects the balance sheet (Assels Liabilities Equity Use - for increase and for decrease. For example, if an account decreases equity, choose Equity

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