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Q1. Present all the journal entries including the adjustments that would be made on July 31, 2023, the end of the fiscal year, for

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Q1. Present all the journal entries including the adjustments that would be made on July 31, 2023, the end of the fiscal year, for each of the following. [1] [2] [3] The supplies inventory on August 1, 2022 was $9,350. Supplies costing $22,150 were acquired in cash on September 11, 2022 and charged to the supplies inventory. A count on July 31, 2023 indicated supplies on hand of $8,810. There was no other transaction related to supplies during the fiscal year ending July 31, 2023. On April 30, a ten-month, 6% note for $30,000 was received from a customer for lending the same amount to the customer. On May 1, $12,000 was collected as rent for one year and the same amount was credited as Unearned Rent Revenue. Adjusting entries: [1] 9/11/2022 7/31/2023 Accounts Debit Credit [2] Accounts Debit Credit 4/30/2023 7/31/2023 [3] 5/1/2023 Accounts Debit Credit 7/31/2023

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