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Transaction Analysis and Adjustments For each of the following unrelated situations, determine the financial statement effect using the Transaction Analysis Template. a. Unrecorded depreciation

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Transaction Analysis and Adjustments For each of the following unrelated situations, determine the financial statement effect using the Transaction Analysis Template. a. Unrecorded depreciation on equipment is $2,475. b. The Supplies account has a balance of $8,250. Supplies on hand at the end of the period total $2,750. c. On the date for preparing financial statements, an estimated utilities expense of $1,100 has been incurred, but no utility bill has been received. d. On the first day of the current month, rent for four months was paid and recorded as a $7,700 increase to Prepaid Rent and a $7,700 decrease to Cash. Monthly statements are now being prepared. e. Nine months ago, Macke Insurance Company sold a one-year policy to a customer and recorded the receipt of the premium by increasing Cash and Unearned Premium Revenue for $1,716. No adjusting entries have been prepared during the nine-month period. Annual financial statements are now being prepared. f. At the end of the accounting period, employee wages of $1,650 have been incurred but not paid. g. At the end of the accounting period, $1,375 of interest has been earned but not yet received on notes receivable that are held. Note: Use negative signs with answers, when appropriate. Balance Sheet Income Statement Transaction Assets Liabilities + Stockholders' Equity Revenues Expenses Net Income a. To record depreciation. 0 0 0 0 0 0 b. To record supplies. 0 0 0 0 0 0 c. To record utilities. 0 0 0 0 0 0 d. To record rent. 0 0 0 0 0 0 e. To record revenue. 0 0 0 0 0 0 f. To record wages. 0 0 0 0 0 0 g. To record interest. 0 0 0 0 0

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