35 A Moving to another question will save this response. Question 12 The ledger of Stephen Peoples Company on July 31, 20 Accumulated Depreciation- Equipment $70,000 Equipment 125,000 Unearned Service Revenue 70,000 Supplies $12,000 Prepaid Rent 1,800 Notes Payable 10,000 The information below has been gathered at July 3 The notes payable pays interest at a rate of 3) Instructions: Prepare the adjusting entry for the i Date July 31 Accou Moving to another question will save this response, question will save the ponse ples Company on July 31, 2022, includes the selected accounts below before adjusting entries have been prepared. All accounts have normal balances. $70,000 125,000 70,000 $12,000 1,000 10,000 en gathered at July 31 assuming adjusting entries are made monthly interest at a rate of 3% per year sting entry for the item above assuming that adjusting entries are made monthly. his response. Account Title Debit Credit 1.5 points Save Answ Quantio