1 B C Use Excel to journalize the adjusting entries. Use the blue shaded areas for inputs. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Enteranswers3 tab or if you type the numbers in, you will be marked wrong.) 2 3 4 Date 5 Jul 31 6 7 8 96 10 11 1234 Account and Explanation Jul 31 Jul 31 To record rent expense. (Four months of rent was prepaid earlier in the month.) To record office supplies used. (A physical count revealed $625 of office supplies on hand at the end of the month.) 5 5678 Jul 31 To record depreciation on furniture. (The furniture has a residual value of $4,000, and estimated useful life of five years. Use straight line depreciation.) DR 9 2 Jul 31 To record depreciation on the building. (The building has a residual value of $24,000, and estimated useful life of 20 years. Use straight line depreciation.) To record service revenue earned that was collected in advance. (Cedar River has earned $11,000 of the revenue that had been collected in advance.) CR E