On July 31, 20X1. after one month of operation, the general ledger of Michael Domenici, Consultant contained the accounts and balances given below ACCOUNTS AND BACANCES 524,56 Dr Accounts Receivable 1.250 or Supplies 770 or Prepaid Rent 7.50 OF Prepaid Insurance 1.000 DE Prepaid Advertising 334 Dr Furniture 12.461 DE Accumulated Depreciation Furniture 5.635 DF Accumulated Depreciation Equipment Notes Payable 15,000 Cr Accounts Payable 3.600 Cr nearned Accounting Fees 3,720 Cr Richael Donante Capital 27,260 C Michael Bonnie, Det 1,300 or Accounting Fees 7.100 CF Salaries Expense 2.300 or utilities Expense 175 Or Telephone Expense 115 Dr Supplies Expense Rent Expense Insurance Expense Advertising Expense Depreciation Expense-Furniture Depreciation Expense-Equipment Interest Expense Interest Payable ADJUSTMENTS a. On July 31, an inventory of the supplies showed that items costing 5535 were on hand Check my work ADJUSTMENTS a. On July 31, an inventory of the supplies showed that items costing $535 were on hand. b. On July 1, the firm paid $7,650 in advance for six months of rent. cOn July 1, the firm purchased a one-year Insurance policy for $1080. d. On July 1, the firm paid $324 for four months of advertising. The ads began running in July e. On July 1, the firm purchased office furniture for $12,461. The furniture is expected to have a useful life of eight years and a salvage value of $1,325 f. On July 1, the firm purchased office equipment for $5,635. The equipment is expected to have a useful life of five years and a salvage value of $1,375. 9. On July 1 the firm issued a three-month 8 percent note for $6,000 h. On July 1, the firm received a consulting fee of $3,720 in advance for a one-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. Parti Worksheet Analyze Complete the partial worksheet. Michael Domenici, Consultant Partial Worksheet Month Ended July 31, 20x1 Trial Balance Adjustments Debat Credit Debit Credit Adjusted Tria Dance Credit Debe Account Name Cash Accounts Receivable Supplies Prepaid Rent Prepaid insurance Prepaid Advertising Furniture Accumulated Depreciation-Future Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Interest Payabile Unearned Accounting Fees Michael Domenici, Capital Michael Domenici, Drawing Furniture Accumulated Depreciation Furniture Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Interest Payable Unearned Accounting Fees Michael Domenici, Capital Michael Domenici, Drawing Accounting Fees Salaries Expense Uttes Expense Telephone Expense Supplins Expense Rent Expense Insurance Expense Advertising Expense Depreciation Expense-Furniture Depreciation Expense-Equipment interest Expense Totals Complete this question by entering your answers in the tabs below. Partial Worksheet Analyze By what total amount were the expense accounts of the business adjusted? Expense accounts adjusted by