Question 4 James started his own consulting firm James Company, on July 1, 2018. The trial balance at July 31 is shown below JAMES COMPANY Talance July 1 2018 5.000 2000 15.000 1000 Accounts receivable Supplies Prepard insurance Bouiment Notes payable Accounts payable need service revenue Owner's capital Service revenue Sales and wages mpense Rent expense 000 18.750 12.000 3.000 55 58,650 Other data 1. Supplies on hand at July 31 are $600 2. A utility bill for $350 has not been recorded and will not be paid until next month 3. The insurance policy is for a year 4. $1,500 of uneared service revenue remain uneamed 5. James company pays its employees total salaries of $7.250 every Monday for the preceding 5-day week (Monday through Friday). On Monday July 30, employees were paid for the week ending July 27. All employees worked the last 2 days of the month of July 2018 6. The equipment is being depreciated over a 5-year life with no salvage value 7. Invoices representing $3.200 of services performed during the month have not been recorded as of July 31. 8. James company borrowed $15.000 by signing a 9%, two-year note on July 11.2018 Instructions Prepare the adjusting entries for the month of July