(1)New Slang Pest Control has the following balances in selected accounts for the month ended July 31,2016. All of the accounts nave normal balances. The information below nas been yathered at July 31 , 2016. 1. Depreciation on the equipment is $1,050 per month: 2. New Slang Pest borrowed $20,000 signing a 7% one year note on July 1,2016. 3. The prepaid insurance expires at $185 per month. 4. New Slang Pest pays its employees total salaries of $6,000 per day for a 5-day workweek (Monday through Friday). On Monday, July 27, 2016, employees were paid for the week ending July 24, 2016. All employees worked the fives days ending July 31,2016. 5. New Slang Pest performed services for a client on July 31,2016 totaling $2,850. The client has not yet been billed. 6. On July 1, 2106, New Slang Pest collected $30,000 for disinfecting processes to be preformed from July 1, 2016, through June 30, 2017. 7. A Utility bill was received on July 31,2016 , in the amount of $450. The bill was not recorded. 8. A count of supplies on July 31,2016 , indicates that $800 are on hand. Istructions: Prepare in journal form the adjusting journal entries for the eight items listed for ew Slang Pest