An analysis of the accounts shows the following. 1. 2. 3. The equipment depreciates $532 per month. Half of the unearned rent revenue was earned during the quarter. Interest of $760 is accrued on the notes payable. Supplies on hand total $1,615. Insurance expires at the rate of $760 per month. 4. 5. Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) An analysis of the accounts shows the following. 1. 2. 3. The equipment depreciates $532 per month. Half of the unearned rent revenue was earned during the quarter. Interest of $760 is accrued on the notes payable. Supplies on hand total $1,615. Insurance expires at the rate of $760 per month. 4. 5. Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)