Present, in journal form, the adjustments that would be made on July 31, 2017, the end of the fiscal year, for each of the following.

1. The supplies inventory on August 1, 2016 was 7,350. Supplies costing 20,150 were acquired during the year and charged to the supplies inventory. A count on July 31, 2017 indicated supplies on hand of 8,810.

2. On April 30, a ten-month, 9% (annual rate) note for 20,000 was received from a customer.