Accounting Question 4 View Policies Current Attempt in Progress Updates sions The ledger of Larkspur, Inc. on July 31, 2022, Includes the selected accounts below before adjusting entries have been prepared ences Debit Credit brations PLUS Sup Investment in Note Receivable Supplies Prepaid Rent Buildings $18.000 23,500 2.800 200,000 Accumulated Depreciation-Buildings Uneared Service Revenue $125,000 11.900 An analysis of the company's accounts shows the following 1 The investment in the notes receivable earns interest at a rate of 6% per year 2 Supplies on hand at the end of the month totaled $15.400 3. The balance in Prepaid Rent represents 4 months of rent costs. 4 Employees were owed $2,800 related to unpaid salaries and wages. 5. Depreciation on buildings is $5,520 per year 6. During the month, the company satisfied obligations worth $4,600 related to the Uneared Services Reve 7. Ungaid maintenance and repairs costs were $2,200 Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. If manually.) entry is require "No Entry fe No. Date Account Titles and Explanation Debit 1 July 31 Interest Receivable Interest Revenue 2 y 31 Supplies Expense Supplies 1 31 Rent Expense Prepaid Rent 4 31 Salaries and Wages Expense Salaries and Wages Payable Depreciation Expense 5 3 1 Accumulated Depreciation-Buildings 6 3 1 Unearned Service Revenue Service Revenue 7. 31 Maintenance and Repairs Expense Accounts Payable Fri Feb 14, 2020 anting Question 3 View Policies Current Attempt in Progress The ledger of Larkspur, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Supplies Prepaid Insurance Equipment Debit Credit $5,400 6.480 45,000 -$15,120 36,000 22,320 108,000 Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense 25,200 An analysis of the accounts shows the following 1 The equipment depreciates $504 per month. 2 Half of the unearned rent revenue was earned during the quarter. 2 Interest of $720 is accrued on the notes payable 4 Supplies on hand total $1,530. 5. Insurance expires at the rate of $720 per month Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly (if ne entry is required, select "No Entry for the manually.) Credit No. Dute Account Titles and Explanation 1 Mar 31 2 Mar 31 Mar 31 5 Mar 31