The income statement before adjustment of Annette Co. for the month of July shows net income of $3,200 based on Service Revenue $7,700, Salaries and Wages Expense $2,600, Supplies Expense $1,400, and Utilities Expense $500. In reviewing the statement, you discover the following adjustment data for the month of July: 1. Insurance expired during July $500. 2. Supplies expense includes $300 of supplies that are still on hand as of July 31. 3. Depreciation on equipment $250 per month. 4. Accrued but unpaid salaries and wages at July 31 of $400 were not included. 5. Services provided but unrecorded totaled $700. Instructions: a) For each of the above transactions, prepare the adjusting journal entry that is required on July 31. (Explanation is required) 20 marks GENERAL JOURNAL Date Account Titles and Explanation Ref. Debit ($) Credit ($) July 31 31 31 31 31 b) The net income after adjustment is $ 1 mark