Question 4 Not complete Marked out of 30,00 P Flag question Transaction Analysis and Adjustments Just Brock began Brock Refinishing Service on July 1. Selected accounts are shown below as of July 31, before any adjustments have been made: Unadjusted Balances Prepaid rent $5,700 Prepaid advertising 630 Supplies 3,000 Unearned refinishing fees 600 Refinishing fees revenue 2.500 Using the following information, determine the financial statement effect of the necessary adjustments on July 31: a. On July 1, the firm paid one year's rent of $5,700. b. On July 1, $630 was paid to a local newspaper for an advertisement to run dally for the months of July, August, and September c. Supplies on hand at July 31 total $1,100. d. At July 31, refinishing services of $800 have been performed but not yet billed to customers. The firm uses the account Fees Receivable to reflect amounts due but not yet billed. e. One customer paid 5600 in advance for a refinishing project. At July 31, the project is one-half complete. Note: Use negative signs with answers, when appropriate Balance Sheet Income Statement Stockholders Transaction Assets Liabilities Equity RevenuesExpenses - Net Income 0 0 0 a. Adjustment for prepaid rent 0 0 0 0 0 b. Adjustment for prepaid advertising 0 0 0 0 c. Adjustment for supplies 0 0 0 d. Adjustment for services performed but not bited. 0 0 c. Adjustment for advance on project half complete O O O 0 0 O 0 0 Check