1. Using the fo lowing information, prepare the adjusting journal entries on July 31 for each cransaction. a. On July 1, the firm paid one year's rent of $11,040 in cash. b. On July 1, $1,008 cash was paid to the local newspaper for an advertisement to run daily for the months of July. August, and September. c. Supplies still available at july 31 total $1.760. d. At July 31, retinishing services af $1,280 have been performed hut nat yet recorded ar billed to custamers. The firm uses the fees receivable account to reflect amounts due but not yet billed. e. In early july, a cuslomer paid $960 in advanke fur a refirishing project. AlJuly 31 , the project is une-half complete. 2. Set up I-accounts tor each or the ledger accounts, and post the joumal entries to them