Adjustment and additional data:

A count of supplies on August $31$ shows $$760$ on hand.

The equipment has an estimated eight$-$year useful life. Remember that adjusting entries are done annually, not monthly.

Of the notes payable, $$6,000$ must be paid on September $1$ each year.

$(1)$ An analysis of the Unearned Revenue account shows that $$3,680$ has been earned by August $31.(2)$ A corresponding entry of $$2,420$ for Cost of Goods Sold will also need to be recorded for these sales.

Interest accrued on the note payable to August $31$ was $$175.$

A count of the merchandise inventory on August $31$ shows $$76,580$ of inventory on hand.

Record the adjustments required at August $31,2024.($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

No

Date

Account Titles

Debit

Credit