Preparing Adjusting Entries Jake Thomas began Thomas Refinishing Service on July 1, 2019. Selected accounts are shown below as of July 31, before any adjusting entries have been made. 1. On July 1 , the firm paid one year's advance rent of $5,700 in cash. 2. On July 1, $630 cash was paid to the local newspaper for an advertisement to run daily for the months of July, August, and September. 3. Supplies still available at July 31 total $1,100. 4. At July 31, refinishing services of $800 have been performed but not yet recorded or billed to customers. The firm uses the account Fees Receivable to reflect amounts due but not yet billed. 5. A customer paid $600 in advance for a refinishing project. At July 31 , the project is one-half complete. Note: Use negative signs with answers, when appropriate