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Ly Lab 3.2 (Question 2) Lyryx Learning Inc - Google Chrome a https://lifa1.lyryx.com/student-servlets/LabServlet?ccid-7845 Question 2 [50 points] The following information is available for Weber Inc. on June 30 for the year just ended a. The yearly depreciation on the building is $550 b. $2,390 of interest has accrued on a note payable and is unrecorded c. Weber Inc. purchased furniture in a previous year for $17,500 and plans to sell this furniture for $250 at the end of its ten-year useful life d. Accrued salaries of $17,000 were not recorded at year-end e. A review of the $21,000 unadjusted balance in the prepaid rent account shows a remaining balance of $17,000 at the end of the year f. The yearly depreciation on the equipment is $650 g. S8,000 of advertising Weber Inc. placed in the local newspaper is unrecorded and unpaid. h. Of the $9,000 consulting fees Weber Inc. received in advance, S5,000 has not yet been earned i. $4,400 of the advertising paid for in advance has been published by the newspaper j. A review of the $2,900 unadjusted balance in the supplies account shows a balance on hand at the end of the year of $2,350 Prepare the required adjusting entries at June 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 (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 lanation Page GJ8 Effect lance Shee Date Account F Debit Credit WNG2018-12.25 7:16 PM Type here to search

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