prepare the adjusting enteries at July 31 assuming that adjusting entries are made monthly.

Cupei 4 Homework Dunia+2980608-3a1a-4735-9656-1819bcd0abc Question 4 of 6 Current Attempt in Progress The ledger of Pina Colada Corp. on July 31, 2022, includes the selected accounts below before adjusting entries have been prepared. Credit Investment in Note Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation--Buildings Unearned Service Revenue Debit $18,000 22,500 5,400 210,000 $135,000 11,100 An analysis of the company's accounts shows the following. 1. 2. 3. 4. The investment in the notes receivable earns interest at a rate of 12% per year. Supplies on hand at the end of the month totaled $17,600. The balance in Prepaid Rent represents 4 months of rent costs. Employees were owed $2,800 related to unpaid salaries and wages. Depreciation on buildings is $6,360 per year. During the month, the company satisfied obligations worth $4,500 related to the Unearned Services Revenue. Unpaid maintenance and repairs costs were $2,100. 5. 6. 7. + Chapter 4 Homework Question 4 of 6 - 15 No. Date Debit Account Titles and Explanation Interest Receivable Credit 1. July 31 Interest Revenue 2. July 31 Supplies Expense Supplies I Supplies Rent Expense 3. July 31 Prepaid Rent 4. July 31 Salaries and Wages Expense Salaries and Wages Payable 5. July 31 Depreciation Expense Accumulated Depreciation-Buildings 6. July 31 Unearned Service Revenue Service Revenue 7. July 31 Maintenance and Repairs Expense dv 23