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The ledger of Armour Lake Lumber Supply on July 31, 2022, includes the following selected accounts before adjusting entries have been prepared. Supplies Prepaid

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The ledger of Armour Lake Lumber Supply on July 31, 2022, includes the following selected accounts before adjusting entries have been prepared. Supplies Prepaid Rent Buildings Accumulated Depreciation-Buildings Unearned Service Revenue Debit Credit $24,000 3,600 250,000 $140,000) 11,500 An analysis of the company's accounts shows the following 1 Supplies on hand at the end of the month totaled $18,600. 2. The balance in Prepaid Rent represents 4 months of rent costs. 3. Employees were owed $3,100 related to unpaid and unrecorded salaries and wages. 4. Depreciation on buildings is $6,000 per year. 5 During the month, the company satisfied obligations worth $4,700 related to the Unearned Service Revenue account. 6. Unpaid and unrecorded maintenance and repairs costs were $2,300.

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