You have been hired by MacPeters CAD, a small engineering and drafting firm, to help prepare a set of financial statements for the bank for the year ending October 31. You have reviewed all the transactions for the year and find the following information that has not been recorded in the companys books. 1) During October, MacPeters CAD provided $1,900 of CAD services to clients who will be billed in early November. The firm uses the account Fees Receivable to reflect amounts due but not yet billed. 2) The firm paid $2,400 cash on October 15 for a series of radio commercials to run during October and November. One-third of the commercials have aired by October 31st. The $2,400 payment was recorded in the Prepaid advertising account. 3) Starting October 1, all maintenance work on MacPeters CADs computer and printing equipment is handled by PC Guru under an agreement whereby MacPeters CAD pays a fixed monthly charge of $800. MacPeters CAD paid six months service charge of $4,800 cash in advance on October 1, and increased its Prepaid expenses account by $4,800. 4) Monthly depreciation on the equipment is $145. No depreciation in prior months has been recorded yet for the year. 5) Weekly salaries for a five-day week total $6,250, payable on Fridays. October 31 of the current year is a Tuesday. 6) A bill for work done during August and September has not yet been sent because the client is out of the country. The bill totals $2,075. 7) MacPeters CAD has $40,000 of notes payable outstanding at October 31. Interest of $400 has accrued on these notes by October 31, and will be paid when the notes mature in 2015. 8) MacPeters CAD received a deposit from a client for a job that will begin in December. The $2,000 deposit was erroneously recorded as Sales. Required: Prepare accounting adjustments required at October 31 using one of the financial statement effects templates, below.