For the following independent situations, prepare the required adjusting journal entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) 1. Kevin's Television Restoration Company prepares monthly financial statements. On July 1, the Supplies account had a balance of $5,200. During July, additional supplies were purchased for $6,000 and that amount was debited to Supplies. On July 31, a physical count of supplies revealed that there was $4,900 on hand. Prepare the adjusting journal entry that Kevin should make on July 31. 2. Windsor Lumber Co. prepares monthly financial statements. On September 1, a cheque for $16,200 was received from a tenant for six months' rent. The full amount was credited to Unearned Revenue. Prepare the adjusting entry the company should make on September 30. Date Account Titles and Explanation Debit Credit July 31 Sept. 30