Exercise 4-12 A partial tabular summary for Concord Corporation on July 31, 2017, includes the accounts below before adjustments have been prepared. Assets = Liabilities + Stockholders' Equity Invest. Prepd. Acc. Depr.- Notes Rec. + Supplies + Rent + Bldgs. - Bldgs. Bal. 24,000 23,000 3,400 260,000 -130,000 Unearned Com Reatined Earnings = Serv. Rev. + Stock + Rev. - Exp. - Div 10,600 An analysis of the company's accounts shows the following. 1. The investment in the notes receivable earns interest at a rate of 6% per year. 2. Supplies on hand at the end of the month totaled $15,000. 3. The balance in Prepaid Rent represents 4 months of rent costs. 4. Employees were owed $3,100 related to unpaid salaries and wages. 5. Depreciation on buildings is $6,240 per year. 6. During the month, the company satisfied obligations worth $4,850 related to the Unearned Service Revenue. 7. Unpaid maintenance and repairs costs were $2,000. Prepare a tabular summary to record adjustments on July 31 assuming that adjustments are made monthly. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or pai front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets - Liabilities + Int. Rec. + + Stockholders' Equity Retained Earnings Rev. - Exp. - Prepd. Rent 3,400 + - = Acc. Depr.- Bldgs. -130,000 Accts. Pay + Sal. & Wages Pay. Unearned Serv. Rev. 10,600 + Com. Stock Notes Rec. 24,000 + Supplies 23,000 Div Bldgs. 260,000 Bal