Question 1 The ledger of Metlock, Inc. on July 31, 2020, includes the selected accounts below before adjusting entries have been prepared. Debit Credit Notes Payable $16,000 Supplies $23,500 Prepaid Rent 5,800 Buildings 240,000 Accumulated Depreciation Buildings $135,000 Unearned Service Revenue 10,200 An analysis of the company's accounts shows the following 1 The notes payable pays Interest at a rate of 6% per year. 2 Supplies on hand at the end of the month totaled $16,200 3 The balance in Prepaid Rent represents 4 months of rent costs. 4 Employees were owed $2,900 related to unpaid salaries and wages. 5 Depreciation on buildings is $5,400 per year. 6 During the month, the company satisfied obligations worth $4,650 related to the Uneared Services Revenue 7. Unpaid maintenance and repairs costs were $2,150 da monthly If no entry is required, select "No Entry" for the account titles and - No. Date Account Titles and Explanation Debit Credit 1. July 31 2. July 31 3. July 31 4. July 31 5. July 31 6. July 31 7. July 31