Question: Required: Based on the adjustment information listed below, journalize the adjusting entries below. Post adjusting entries to the T - Accounts, and prepare the Adjusted

Required:
Based on the adjustment information listed below, journalize the adjusting entries below.
Post adjusting entries to the T-Accounts, and prepare the Adjusted Trial Balance.
a. Remaining beauty supplies inventory equals $15,000 at Jul 31
b. One month of the prepaid insurance expired
c. During Jul, the business provided $1,000 of services to customers who paid in advance on Jul 5.
d. During Jul, the business provided services to a wedding party, for which payment will be received in Feb, $2,000.
e. The Building has a 25-yr useful life and no salvage value. Record one-month's depreciation.
f. The Furniture has a 5-yr useful life and no salvage value. Record one-month's depreciation.
g. The Equipment has a 5-yr useful life and no salvage value. Record one-month's depreciation.
h. Unpaid wages for Jul 29- Jul 31 amount to $5,500
Required: Based on the adjustment information listed below, journalize the adjusting

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