this is quastion and its answer can you just please explain how the steps are done bc i dont get it,thank you

Present, in journal form, the adjustments that would be made on July 31, 2011, the end of the fiscal year, for each of the following.

1. The supplies inventory on August 1, 2010 was 7,350. Supplies costing 20,150 were acquired during the year and charged to the supplies inventory. A count on July 31, 2011 indicated supplies on hand of 8,810.

2. On April 30, a ten-month, 9% note for 20,000 was received from a customer.

*3. On March 1, 12,000 was collected as rent for one year and a nominal account was credited.

Solution 3-170

1. Supplies Expense ...................................................................... 18,690

Supplies .......................................................................... 18,690

2. Interest Receivable .................................................................... 450

Interest Revenue ............................................................ 450

*3. Rent Revenue ............................................................................ 7,000

Unearned Revenue .................................................................... 7,000