Learnings Objective $3-3$: Prepare accounting adjustments using the Financial Statement Effects Template: "Note: Enter positive number for an increase and negative number for a decrease; Enter $"0"$ if there is no effect in that account.

Transactions:

Receive $$300$ cash in advance for future consulting service

Perform consulting services for client who previously paid $$300$

Pay advertising of $$600$ in advance

Accrue salaries of $$1,000.$

The prepaid advertising costing $$600$ is aired

$\backslash$table$[[$Balance Sheet,Income Statement,$],[,$ansaction, Cash

Asset $,\backslash$table$[[$Noncas$],[$Assets$]],h=L,$Liabilities,$+$ Contrib. Capital,,Earned Capital,,,,,$],[,$Cash Assets,$+,$Non$-$Cash Assets,$=,$Liabilities,$+,$Contributed Capital,$+,\backslash$table$[[$Earned$],[$Capital$]],$Revenues,$-,$Expenses,$=,$Net Income$],[1,$type your,,type your,,type you,,type your an$,,$type your:,type you,,type your,,type your$],[2,$type your,,type your,,type you,,type your an$,,$type your :$,$type you,,type your,,type your$],[3,$type your,,type your,,type you,,type your an$,,$type your:,type you,,type your,,type your$],[4,$type your,,type your,,type you,,type your an$,,$type your ;$,$type you,,type your,,type youi$],[,$type your,,type your,,type you,,type your an$,,$type your :$,$type you,,type your,,type your$]]$