During July, PS Music provided guest disc jockeys for KXMD for a total of 115 hours. Since the company only contracted for 80 hours per month, make an adjusting entry to accrue the additional 35 hours of service. NOTE: The unearned revenue account will not be affected in this adjustment. For information on the amount of the accrued revenue to be billed to KXMD, see the contract described in the july 3, 2016, transaction at the end of Chapter 2.* Supplies on hand atjuly 31, $275. The balance of the prepaid insurance account relates to the July 1, 2 016, transaction at the end of Chapter 2.* Depreciation of the ofce equipment is $50. The balance of the unearned revenue account relates to the contract between PS Music and KXMD, described in thejuly 3, 2016, transaction at the end of Chapter 2.* Accrued wages as ofJuly 31, 2016, were $140. *The chapter 2 list of transactions are included in a separate panel of this problem for your convenience