The following data at July 31, 2018, are given for ACB: (Click the icon to view the data.) Read the requirements Requirement 1. Journalize the adjusting entries needed on July 31, 2018. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Depreciation, $700. Date Accounts and Explanation Debit Credit (a) Jul. 31 Requirements -X 1. Journalize the adjusting entries needed on 31, 2018 2. 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. Print Done