Use the following information for the Exercises below. (Algo)

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Depreciation on the companys wind turbine equipment for the year is $5,300.

The Prepaid Insurance account for the solar panels had a $2,300 debit balance at December 31 before adjusting for the costs of any expired coverage. Analysis of prepaid insurance shows that $750 of unexpired insurance coverage remains at year-end.

The company received $3,900 cash in advance for sustainability consulting work. As of December 31, one-third of the sustainability consulting work had been performed.

As of December 31, $1,500 in wages expense for the organic produce workers has been incurred but not yet paid.

As of December 31, the company has earned, but not yet recorded, $430 of interest revenue from investments in socially responsible bonds. The interest revenue is expected to be received on January 12.

Exercise 3-14 (Algo) Analyzing effects of adjusting entries on financial statements LO P5

For each of the above separate cases, determine the financial statement impact of each required year-end adjusting entry. Fill in the table below by indicating the amount and direction ((+) increase or () decrease) of the effect.