1:59 5S LTE | . Question 1 (30 points) Barton Corporation is just finishing another year of operations. The company's unadjusted trial balance at October 31, 2014 is shown below. The following additional information is available at October 31 for the year just ended : a. The estimated yearly depreciation on the furniture is $350. b. A review of the unadjusted balance in the prepaid insurance account shows a remaining balance of $10,600 at the end of the year. c. The Building was purchased in a previous year and will be sold for $6,750 after being used for ten years. d. Unpaid and unrecorded salaries at year-end totalled $10,000. e. A building Barton Corporation owns is rented out for $2,000 each month. The current month's rent has not been received by year-end. f. $4,400 of the consulting fees paid to Barton Corporation in advance has not yet been earned. g. The yearly depreciation on the equipment is $150. h. $2,150 of the advertising paid for in advance has been published by the newspaper. Use this information to prepare adjusting entries at October 31, 2014, based on the above. Enter the adjustment letter as the description. The dates must be entered in the format dd/mmm (ie. 15/Jan). General Journal Account/Explanation Page GJ8 Debit Credit Date F + + + - + 1 + 1 + + T + + Barton Corporation Unadjusted Trial Balance October 31, 2014 Debit Credit Accounts Payable 250 Accumulated Depreciation, Building 18,375 Accumulated Depreciation Equipment 7,500 Accumulated Depreciation, Furniture 2,300 Advertising Expense 800 Building 68,000 Share Capital 212,000 Cash 106,975 Consulting Revenue Earned 6,700 Depreciation Expense, Building Depreciation Expense, Equipment Depreciation Expense, Furniture Equipment 38,700 Furniture 43,900 Insurance Expense 1,200 Prepaid Advertising 4,300 Prepaid Insurance 17,000 Rent Earned 5,600 Rent Receivable Retained Earnings 31,000 Salaries Expense 11,400 Salaries Payable 0 Unearned Consulting Revenue 8,800 Utilities Expense 250 Totals 292,525 292,525 OOC 0 0 + + 0 + - T O + - + 1 +