For the following independent situations, prepare the required adjusting journal entries.

1.Larry's Television Restoration Company prepares monthly financial statements. On July 1, the Office Supplies account had a balance of $3,000. During July, additional office supplies were purchased for $3,800 and that amount was debited to Office Supplies. On July 31, a physical count of office supplies revealed that there was $2,700 on hand. Prepare the adjusting journal entry that Larry should make on July 31.

2.Amberville Lumber Co. prepares monthly financial statements. On September 1, a cheque for $9,600 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.