On July $1$st$.$ Story Smith paid Binny Barnes

Business Solutions a cash advance of $$100,000$ for Business Services to be provided in the future. In July, Binny Barnes Business Solutions provided Story Smith with $$70,000$ in business services.

Required: Record the journal entry on July $1$ st and the adjusting journal entry on July $31$ st$.$

$2$

$2.$ The Depreciation Expense for Allie's Archery for August is $$40,000.$

Required: Record the Adjusting Journal Entry for August $31$st$.$

$3.$ Carrie's Candies purchased supplies for $$20,000$ cash on September $1$st$.$ On September $30$th$,$ $$4,000$ in supplies were unused.

Required: Record the journal entry on September $1$st and the adjusting journal entry on September $30$th$.$

$4.$ The Employees of Darla's Donuts earned $$50,000$ in October. This salary expense has not been recorded as of October $31$st$.$

Required: Record the adjusting journal entry on October $31$st$.$

$5.$ Ellory's Engineering earned $$70,000$ in revenue in November. This revenue has not been recorded as of November $30$th$.$

Required: Record the adjusting journal entry on November $30$th$.$