Adjusting Entries Judy Brock began Brock Refinishing Service on July 1. Selected accounts are shown below as of July 31, before any adjusting entries have been made: Prepaid rent Prepaid advertising Supplies Uneamed refinishing fees Refinishing fees revenue Debit Credit $5,796 729 3,100 700 2,600 Using the following information, record in a general journal the necessary adjusting entries on July 31: On July 1, the firm paid one year's rent of $5,796. . On July 1, $729 was paid to a local newspaper for an advertisement to run daily for the months of July, August and September. Supplies of $1,210 were on hand July 31. At July 31, refinishing services of $900 have been performed but not yet billed to customers. The firm uses the account Fees Receivable to reflect amounts due but not billed. 2. One customer paid $700 in advance for a refinishing project. At July 31, the project is one-half complete. Round your answers to the nearest dollar. Description Deble Credit Date a. Jul 31 $ OS 0 0 0 To record July rent expense. b. Jul 31 0 0 . 0 0 To record July advertising expense. c. JL31 0 0 0 0 To record supplies expense for July. d. Jul. 31 0 0 0 0 To record unbilled revenue earned in July e. Jul 31 0 4 > 0 To record portion of advance fees earned in July