Gradebook Assignment ORION Home Downloadable eTextbook Read, Study & Practice Assignment > Open Assignment CALCULATOR TIMER Question 1 The ledger of Concord Corporation on July 31, 2020, includes the selected accounts below before adjusting entries have been prepared. Notes Payable Supplies Prepaid Rent Buildings Accumulated Depreciation-Buildings Unearned Service Revenue Debit Credit $24,000 $23,000 3,400 260,000 $130,000 10,600 1. An analysis of the company's accounts shows the following. The notes payable pays interest at a rate of 6% per year. 2 Supplies on hand at the end of the month totaled $15,000. 3. The balance in Prepaid Rent represents 4 months of rent costs. 4. Employees were owed $3,100 related to unpaid salaries and wages. 5. Depreciation on buildings is $6,240 per year. 6. During the month, the company satisfied obligations worth $4,850 related to the Uneared Services Revenue. 7. Unpaid maintenance and repairs costs were $2,000. Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. (If no entry is required, select "No Entry" for account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit IMER Debit Credit No. Date Account Titles and Explanation 1. July 31 2. July 31 3. July 31 4. July 31 5. July 31 6. July 31 | 7. July 31