Prepare the adjusting entries for the items above. E4.12 (LO 2, 3), AP The ledger of Armour Lake Lumber Supply on July 31, 2022, includes the second accounts below before adjusting entries have been prepared. 7. Accrued salaries ar Instructions Credit $140,000 11,500 Debit $ 20,000 Investment in Note Receivable 24,000 Supplies 3.600 Prepaid Rent 250,000 Buildings Accumulated Depreciation--Buildings Unearned Service Revenue An analysis of the company's accounts shows the following. 1. The investment in the notes receivable earns interest at a rate of 6% per year. 2. Supplies on hand at the end of the month totaled $18,600. 3. The balance in Prepaid Rent represents 4 months of rent costs. 4. Employees were owed $3,100 related to unpaid salaries and wages. 5. Depreciation on buildings is $6,000 per year. 6. During the month, the company satisfied obligations worth $4,700 related to the Unearned Service Revenue. 7. Unpaid maintenance and repairs costs were $2,300. nstructions Prepare the adjusting entries for the items above. E4.12 (LO 2, 3), AP The ledger of Armour Lake Lumber Supply on July 31, 2022, includes the second accounts below before adjusting entries have been prepared. 7. Accrued salaries ar Instructions Credit $140,000 11,500 Debit $ 20,000 Investment in Note Receivable 24,000 Supplies 3.600 Prepaid Rent 250,000 Buildings Accumulated Depreciation--Buildings Unearned Service Revenue An analysis of the company's accounts shows the following. 1. The investment in the notes receivable earns interest at a rate of 6% per year. 2. Supplies on hand at the end of the month totaled $18,600. 3. The balance in Prepaid Rent represents 4 months of rent costs. 4. Employees were owed $3,100 related to unpaid salaries and wages. 5. Depreciation on buildings is $6,000 per year. 6. During the month, the company satisfied obligations worth $4,700 related to the Unearned Service Revenue. 7. Unpaid maintenance and repairs costs were $2,300. nstructions