Current Attempt in Progress Areview of the ledger of Chance Corporation at its year end, July 31, 2021, produces the following unadjusted data for the preparation of annual adjusting entries: 1. Prepaid Insurance, July 31, 2021, unadjusted balance 59.600: The company purchased an insurance policy on December 1, 2019, with a two-year term which expires November 30, 2021. Buildings, July 31, 2021, unadjusted balance 5252.000: The company owns a building purchased on September 1, 2017, for $252,000, with an estimated 30 year useful life. The company uses straight line depreciation. Deferred Revenue, July 31, 2021, uradjusted balance. $42.500. The selling price of a digital magazine subscription is 560 for 24 monthly issues delivered over a two-year period. The company had sold 1.000 subscriptions on January 1, 2020, during a special promotion 4. Salaries Payable. July 31, 2021, unadjusted balance, $o. There are 9 salaried employees, Salaries are paid every Monday for the previous five-day workweek (Monday to Friday). 6 employees receive a salary of $625 each per week, and 3 employees carn $750 each per week. July 31 is a Saturday, 2 3. (e) Prepare the adjusting journal entries required for each of the above four items at July 31, 20210Use the account Subscription Revenue forten Lista debit entries before credit entries Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round all amounts to the nearest dollar, no entry is required select "No Entry for the account titles and enter for the amounts) No. Date Account Titles and Explanation Debit Credit July 31 1 2 July 31 July 31 4 31