The following data at July 31, 2018, are given for LSM: (Click the icon to view...

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The following data at July 31, 2018, are given for LSM: (Click the icon to view the data) Read the requirements don: 4 point(s) possible 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, $400. Date (a). 31 Accounts and Explanation Depreciation Expense Accumulated Depreciation Debit Credit 400 400 b. Prepaid rent expires, $300 (Assume that LSM debits an asset account when rent is paid in advance) Date 031 Accounts and Explanation Debit Credit Interest expense accrued $700 Date Accounts and Explanation Debit Credit The following data at July 31, 2018, are given for LSM: (Click the icon to view the data) Read the requirements don: 4 point(s) possible 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, $400. Date (a). 31 Accounts and Explanation Depreciation Expense Accumulated Depreciation Debit Credit 400 400 b. Prepaid rent expires, $300 (Assume that LSM debits an asset account when rent is paid in advance) Date 031 Accounts and Explanation Debit Credit Interest expense accrued $700 Date Accounts and Explanation Debit Credit