Exercise 3-13 Your answer is partially correct. Try again. The ledger of Sheffield Corp. on July 31, 2019, includes the selected accounts below before adjusting entries have been prepared. Debit Credit $18,000 Notes Payable Supplies Prepaid Rent Buildings Accumulated Depreciation-Buildings Unearned Service Revenue $24,000 3,400 270,000 $135,000 11,000 An analysis of the company's accounts shows the following. The notes payable pays interest at a rate of 12% per year. Supplies on hand at the end of the month totaled $17,800. The balance in Prepaid Rent represents 4 months of rent costs. Employees were owed $3,200 related to unpaid salaries and wages. Depreciation on buildings is $4,320 per year. During the month, the company satisfied obligations worth $4,600 related to the Unearned Services Revenue. Unpaid maintenance and repairs costs were $2,000. 5. 6. 7. Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. July 31 || Notes Payable 18000 Notes Payable 18000 2. July 31 Tsupplies Expense Supplies 6200 3. x= July 31 || Cash Rent Expense 350 * 4. July 31 |Unearned Service Revenue 3200 Unearned Service Revenue 3200 5. July 31 Depreciation Expense 135000 Accumulated Depreciation-Buildings 135000 CUAUDUUU 6. July 31 Unearned Service Revenue 4600 Service Revenue T 4600 7. July 31 Maintenance and Repairs Expense 2000 Accounts Payable 2000