Question 2 (50 points] The following information is available for ABC Inc. on November 30 for the year just ended. a. The estimated yearly depreciation on the equipment is $600. b. A review of the $11.000 unadjusted balance in the prepaid insurance account shows a remaining balance of $5,600 at the end of the year C ABC Inc. purchased furniture in a previous year for $16.750 and plans to sell this furniture for $500 at the end of its ten-year useful life. d. The yearly depreciation on the building is $850. . $6,500 of the $9,200 consulting fees paid to ABC Inc, in advance has not yet been earned 1. Interest of $730 has accrued on a bank loan and is unrecorded g. 54,050 of the television advertising paid for in advance has been used. h. $4,200 of the advertising paid for in advance has been published by the newspaper This year's advertising bill for $11.500 is unrecorded and unpaid. 1. Unpaid and unrecorded salaries at year-end totalled $46,500. Prepare the required adjusting entries at November 30, 2014. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie, 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 GJB Effect On Dale Account Explanation F Debit Credit Balance Sheet LLL MacBook Pro