On July 31, 20x1, after one month of operation, the general ledger of Dakota Consulting contained the following accounts and balances. The firm adjusts losses from uncollectible accounts only at the end of the fiscal year. Monthly adjustments are listed below. Najustentw: (a) On July 31, an inventory of the supplien showed that items costiag $530 were on hand. (b) on July 1, the firm paid 37,200 in advance for 6 months rent. (c) On July 1, the firm pald $660 interest in advance on a 3month note that it issued to the bank. (d) On July 2, the firm purchased of f ce equipment for $18,000. The office equipeent is expected to have a useful iife of 5 years and a salvage value of $1,500. (e) On July 1, the firm issued a 3 -month, 9 percent note for 56,800 . (f) During July, the firm received $500 from customers in advance of providing services. An analyze of the firm's records shows that the full anount applies to servicen provided in July. DAKOTA CONSULTING Worksheet Month Ended July 31, 20X1