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The following information is available for Star Inc, on October 31 for the month just ended. a. $3,150 of the television advertising paid for in
The following information is available for Star Inc, on October 31 for the month just ended. a. $3,150 of the television advertising paid for in advance has been used. b. The estimated monthly depreciation on the equipment is $110. c. The estimated monthly depreciation on the furniture is $460. d. Interest of $290 has accrued on a note payable but is unrecorded. e. $4,400 of the $7,600 consulting fees paid to Star Inc. in advance has not yet been earned Prepare the required adjusting entries at October 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 (i.e., January 15 would be 15/Jan). For each journal entry, indicate how each account affects the balance sheet (Assets, Liabilities, Equity). Use + for increase and - for decrease. For example, if an account decreases equity, choose '-Equity'. General Journal Page GJS Effect On Date Account/Explanation F Debit Credit Balance Sheet - =
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