On July 31, 20x1, after one month of operation, the general ledger of Michael Mendoza, CPA, contained the accounts and balances given below. ACCOUNTS AND BALANCES Cash $ 26,710 Dr. Accounts Receivable 2,440 Dr. Supplies 960 Dr. Prepaid Rent 10,500 Dr. Prepaid Insurance 2,820 Dr. Prepaid Advertising 400 Dr. Furniture 14,760 Dr. Accumulated Depreciation-Furniture Equipment 7,250 Dr. Accumulated Depreciation-Equipment Notes Payable 17,700 Cr. Accounts Payable 5,500 Cr. Interest Payable Unearned Accounting Fees 6,600 Cr. Michael Mendoza, Capital 34,720 Cr. Michael Mendoza, Drawing 3,600 Dr. Accounting Fees 9,600 Cr. Salaries Expense 4,200 Dr. Utilities Expense 270 Dr. Telephone Expense 210 Dr. Supplies Expense Rent Expense Insurance Expense Advertising Expense Depreciation Expense-Furniture Depreciation Expense-Equipment Interest Expense ADJUSTMENTS a. On July 31, an inventory of the supplies showed that items costing $530 were on hand. b. On July 1, the firm paid $10,500 in advance for three months of rent. c. On July 1, the firm purchased a one-year insurance policy for $2,820. d. On July 1, the firm paid $400 for four months of advertising. The ads began running in July. e. On July 1, the firm purchased office furniture for $14,760. The furniture is expected to have a useful life of six years and a salvage value of $1,800. f. On July 1, the firm purchased office equipment for $7.250. The equipment is expected to have a useful life of five years and a salvage value of $1,850. 9. On July 1, the firm issued a three-month, 6 percent note for $17,700. h. On July 1, the firm received a consulting fee of $6,600 in advance for a Sne-year period. Required: 1. Prepare a partial worksheet with the following sections: Trial Balance, Adjustments, and Adjusted Trial Balance. Use the data about the firm's accounts and balances to complete the Trial Balance section. 2. Enter the adjustments described above in the Adjustments section. 3. Complete the Adjusted Trial Balance section. Analyze: By what total amount were the expense accounts of the business adjusted? Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze Complete the partial worksheet. (Round "Interest Payable" and "Interest Expense" to 2 decimal places.) Michael Mendoza, CPA Partial Worksheet Month Ended July 31, 20X1 Trial Balance Adjustments nakit nale Adjusted Trial Balance nabile Debit Credit Debit Credit Debit Credit Account Name Cash Accounts Receivable Supplies Prepaid Rent Prepaid Insurance Prepaid Advertising Furniture Accumulated Depreciation Furniture Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Interest Payable Unearned Accounting Fees Michael Mendoza, Capital Michael Mendoza, Drawing Accounting Fees Salaries Expense Utilities Expense Telephone Expense Supplies Expense Rent Expense Insurance Expense Advertising Expense Depreciation Expense-Furniture Depreciation Expense-Equipment Interest Expense Totals S 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 Partial Worksheet Analyze By what total amount were the expense accounts of the business adjusted? (Round your final answer to two decimal places.) Expense accounts adjusted by