The following information is available for United Corporation on July 31 for the month just ended.

1. $250 of the insurance policy purchased in advance has expired.

2.A review of the $24,500 unadjusted balance in the prepaid rent account shows a remaining balance of $20,750 at the end of the month.

3$600 of property taxes have accrued and are unrecorded.

4The estimated monthly depreciation on the equipment is $130.

5Accrued salaries at month-end totalled $5,500.

6United Corporation purchased a building at the start of the month. The building cost $60,000 and is expected to have a residual value of $7,500 at the end of its five-year life.

7Of the $7,000 rent paid to United Corporation in advance, $6,000 has not yet been earned.

8$1,550 of the rent paid in advance has expired.

9Interest of $210 has accrued on a bank loan and is unrecorded.

10The estimated monthly depreciation on the furniture is $400.

Prepare the required adjusting entries at July 31, 2014.

Enter the transaction letter as the description when entering the transactions in the For each journal entry, indicate how each account affects the balance sheet (Assets, Liabilities, Equity). Use + for increase and - for decrease. For example, if an account decreases equity, choose '-Equity'.