The ledger of Pharoah Company on July 31, 2022, includes the selected accounts below before adjusting entries have been prepared. Credit Investment in Note Receivable Debit $24,000 24,000 Supplies Prepaid Rent 4,200 Buildings 290.000 Accumulated Depreciation-Buildings Unearned Service Revenue $120,000 11.900 An analysis of the company's accounts shows the following. 1. The investment in the notes receivable earns interest at a rate of 12% per year 2. Supplies on hand at the end of the month totaled $16,800. 3. The balance in Prepaid Rent represents 4 months of rent costs. 4. Employees were owed $3,500 related to unpaid salaries and wages. 5. Depreciation on buildings is $5,040 per year. 6. During the month, the company satisfied obligations worth $4,600 related to the Unearned Services Revenue. 7. Unpaid maintenance and repairs costs were $2.250. Dabit Credit No. 1 Date July 31 Account Titles and Explanation Interest Receivable 240 Interest Revenue 240 2 July 31 Supplies Expense 7200 Supplies 7200 3. July 31 Rent Expense 1050 Prepaid Rent 1050 4. July 31 Salaries and Wages Expense 3500 Salaries and Wages Payable 5. July 31 Depreciation Expense 420 Accumulated Depreciation-Buildings 420 6. July 31 Unearned Service Revenue 4600 Service Revenue 4600 7. July 31 Maintenance and Repairs Expense 2250 2250 The ledger of Pharoah Company on July 31, 2022, includes the selected accounts below before adjusting entries have been prepared. Credit Investment in Note Receivable Debit $24,000 24,000 Supplies Prepaid Rent 4,200 Buildings 290.000 Accumulated Depreciation-Buildings Unearned Service Revenue $120,000 11.900 An analysis of the company's accounts shows the following. 1. The investment in the notes receivable earns interest at a rate of 12% per year 2. Supplies on hand at the end of the month totaled $16,800. 3. The balance in Prepaid Rent represents 4 months of rent costs. 4. Employees were owed $3,500 related to unpaid salaries and wages. 5. Depreciation on buildings is $5,040 per year. 6. During the month, the company satisfied obligations worth $4,600 related to the Unearned Services Revenue. 7. Unpaid maintenance and repairs costs were $2.250. Dabit Credit No. 1 Date July 31 Account Titles and Explanation Interest Receivable 240 Interest Revenue 240 2 July 31 Supplies Expense 7200 Supplies 7200 3. July 31 Rent Expense 1050 Prepaid Rent 1050 4. July 31 Salaries and Wages Expense 3500 Salaries and Wages Payable 5. July 31 Depreciation Expense 420 Accumulated Depreciation-Buildings 420 6. July 31 Unearned Service Revenue 4600 Service Revenue 4600 7. July 31 Maintenance and Repairs Expense 2250 2250