Additional information:

1. The equipment has an expected useful life of 10 years. The vehicles' expected useful life is eight years.
2. A physical count showed $1,400 of supplies on hand at August 31, 2023.
3. As at August 31, 2023, there was $2,000 of revenue received in advance and the related services have not yet been performed.
4. Akrem Services has an investment in bonds that it intends to hold to earn interest until the bonds mature in 10 years. The bonds have an interest rate of 5% and pay interest on March 1 and September 1 each year.
5. Accrued salaries payable at August 31, 2023, were $1,950
6. Interest on the 5% note payable is payable at the end of each month and $8,000 of the principal must be paid on December 31 each year. Interest payments are up to date as at August 31, 2023.
7. The owner, C. Akrem, invested $4,000 cash in the business on December 29, 2022. (Note: This has been correctly recorded.)

Prepare the adjusting Journal entries

and post them to their appropriate ledger accounts

Akrem Services Trial Balance Year ended, August 31, 2023