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Journalize and post the following July 31 adjustments: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no
Journalize and post the following July 31 adjustments: (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 5,276.) 1. Services of $2,400 were provided but remained unbilled and uncollected at July 31. 2. The truck has an estimated useful life of five years. 3. One twelfth of the insurance expired. 4. An inventory count shows $710 of supplies on hand at July 31. 5. Accrued but unpaid employee salaries were $1,500. 6 The note payable has a 6% annual interest rate.
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