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Question 8 of 9 The ledger or Pharoan Company on July 31, 2022, includes the selected accounts below berore adjusting entries na prepared. Credit Investment

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Question 8 of 9 The ledger or Pharoan Company on July 31, 2022, includes the selected accounts below berore adjusting entries na prepared. Credit Investment in Note Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation-Buildings Unearned Service Revenue Debit $24,000 24,000 4,200 290,000 $120,000 11,900 An analysis of the company's accounts shows the following. 1. 2. 3. 4 5. 6. 7. The investment in the notes receivable earns interest at a rate of 12% per year. Supplies on hand at the end of the month totaled $16,800. The balance in Prepaid Rent represents 4 months of rent costs. Employees were owed $3,500 related to unpaid salaries and wages. Depreciation on buildings is $5,040 per year. During the month, the company satisfied obligations worth $4,600 related to the Unearned Services Revenue, 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)

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