Propare the wollowing adjusting entries in proper from with explanations for August 2015.If there is no entry to be made write NO ENTRY.

1, Depreciation on office equipment is $350,000 for the month of August. Record the depreciation

2, There were $1,500,000 of office supplies at the end of July. Purchases of office supplies during August were $750,000. At the end of August, there were $640,000 of supplies left. Record what was used.

3, prepaid rent had a balance of $8,000 at the end of July. Twenty-five percent of this was used in August. Record the lent that expired/ was used in August.

4, Fees of $70,000 were received advance on August 1st. At the end of August, 60% were still unearned. Record what has been earned in August.

5, Payroll for the 5 day work week, which is paid every Friday is $15,000. August 31st, (last day of the month) is a Thursday. Record the balance of August that has not been paid.

6, The company ordered new office furniture on August 15th from Office Depot that will cost $2,530. It has not been delivered.