Question 7 The ledger of Pharoah Company on July 31, 2017, includes the selected accounts below before adjusting entries have been pre Debit Credit $24,000 Investment in Note Receivable Supplies 24,000 4,200 Prepaid Rent 290,000 Buildings $120,000 Accumulated Depreciation-Buildings Unearned Service Revenue 11,900 An analysis of the company's accounts shows the following. 1. The investment in the notes receivable earns interest at a rate of 12% per year. 2. Supplies on hand at the end of the month totaled $16,800. 3. The balance in Prepaid Rent represents 4 months of rent costs. 4. Employees were owed $3,500 related to unpaid salaries and wages. 5. Depreciation on buildings is $5,040 per year. 6. During the month, the company satisfied obligations worth $4,600 related to the Unearned Services Revenue. 7. Unpaid maintenance and repairs costs were $2,250 Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. (If no entry is required, select Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when th amount is entered. Do not indent manually.)