Draft adjusting journal entries: Sr. Date Accounts Title and Explanation Debit Credit 1 Jul-31 Account receivables $1,800 Service revenue $1,800 (To record services performed) 2 Jul-31 Depreciation expense $190 Accumulated depreciation - Equipment $190 (To record depreciation) 3 Jul-31 Insurance expense ($1,920 x 1/12) Prepaid expense $160 $160 (To record insurance expense) 4 Jul-31 Supplies expense $340 Supplies $340 (To record supplies expense) 5 Jul-31 Salaries and wages expense $420 Salaries and wages payable $420 (To record salaries and wages expense) Therefore, these are the adjusting journal entries. Post adjusting entries to the T-accounts. Cash 7/1 12,700 7/1 2,120 7/21 1,700 7/5 1,920 7/18 1,590 7/20 2,120 7/31 310 7/31 640 7/31 Bal 5,700 7/12 Accounts Receivable 3,920 7/21 7/25 2,650 1,700 7/12 7/25 7/3 7/5 Accounts Receivable 3,920 7/21 2,650 Supplies 950 Prepaid Insurance 1.920 1,700 7/18 4 Accumulated Depreciation-Equipment Accounts Payable 1,590 7/1 7/3 7/31 Bal. Salaries and Wages Payable Owner's Capital 7/1 12,700 6,360 950 5,720 7/31 7/31 Bal. 7/1 12,700 7/31 Bal. 12,700 Owner's Drawings 640 640 Service Revenue 7/12 3,920 7/25 2,650 Maintenance and Repairs Expense 7/31 Maintenance and Repairs Expense 310 Supplies Expense Depreciation Expense Insurance Expense 7/20 Insurance Expense Salaries and Wages Expense 2,120