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Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. Use additional accounts as needed. (List oll debit entries before credit
Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. Use additional accounts as needed. (List oll debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually! (To record accrued salaries and wages) July 31 (To record monthly depreciation) July 31 (To record revenue used) July 31 (To record expense used) (To record supplies used) July 31 (To record rent used) July 31 (To record accived salaries and wappes) July 31 (To record monthly depeeciation) July 31 The ledger of Concord Lake Lumber Supply on July 31,2022 includes the selected accounts below before adjusting entries have been prepared. An analysis of the company's accounts shows the following. 1. The notes payable pays interest at a rate of 6% per year. 2. Supplies on hand at the end of the month totaled $18,700. 3. The balance in Prepaid Rent represents 4 months of rent costs. 4. Employees were owed $3,300 related to unpaid salaries and wages: 5. Depreciation on bulldings is $4,920 per year. 6. During the month, the company satisfied obligations worth $4,800 related to the Unearned Services Revenue. 7. Unpaid maintenance and repairs costs were $2.500
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