The following data at July $31,2024,$ are given for BMP:

$($Click the icon to view the data.$)$

Read the requirements.

Requirement $1.$ Journalize the adjusting entries needed on July $31,2024.($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

a$.$ Depreciation, $$900$

Requirements

a$.$ Depreciation, $$900.$

b$.$ Prepaid rent expires, $$500.$

c$.$ Interest expense accrued, $$700.$

d$.$ Employee salaries owed for Monday through Thursday of a five$-$day workweek, weekly payroll, $$10,000.$

e$.$ Unearned revenue eamed, $$800.$

f$.$ Office supplies used, $$450.$

Journalize the adjusting entries needed on July $31,2024$

Suppose the adjustments made in Requirement $1$ were not made Compute the overall overstatement or understatement of net income as a result of the omission of these adjustments