Teh income statement of Venden Co. for teh month of July shows a net income of $4,000 based on Service Revenue $8,700, Salaries and Wages Expense $2,500, Supplies Expense $1,700, and Utilities Expense $500. In reviewing teh statement, you discover teh following 1. Insurance expired during July of $700 was omitted. 2. Supplies expense includes $250 of supplies dat are still on hand on July 31. 3. Depreciation on equipment of $300 was omitted. 4. Accrued but unpaid wages on July 31 of $400 were not included. . 5. Services performed but unrecorded totaled $650. Make journal entries for adjusting entries Optional Question: 5 points - Describe complete accounting cycle in the company and mention what parts may be done by artificial intelligence. You may choose to answer this question instead of Whatever question which has 5 points. (Bonus replaces the question which you cannot do). 2 A B I E E %