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Current Attempt in Progress The Oriole Corporation had the following opening trial balance at the beginning of its fiscal year, July 1.2024: During the month of July, the following selected transactions took place: July 2 Paid $1,620 for two months' rent in advance for July and August. 7 Purchased $200 of supplies on account. 14 Collected half of outstanding accounts receivable. 15 Borrowed $1,200 from the bank for one year at an interest rate of 4%. 21 Received $960 cash from a customer for services to be performed in August. 28 Performed $1,610 of services for a customer on account. Additional information: 1. At July 31 , the company had performed $740 of services for a client that it had not billed or recorded. 2. Recorded rent expense for the month. 3. Supplies on hand at July 31 were $480. 28 Performed $1,610 of services for a customer on account. Additional information: 1. At July 31, the company had performed $740 of services for a client that it had not billed or recorded. 2. Recorded rent expense for the month. 3. Supplies on hand at July 31 were $480. 4. The equipment has a five-year useful life and Oriole uses straight-line depreciation. 5. Interest is due on the bank loan on the first day of each following month, beginning August 1. 6. As at July 31 , the company owed $2,540 of salaries to its employees for the month just ended. 7. As at July 31 , the company had earned $1,840 of revenue that had been received in advance. Prepare adjusting entries at July 31 , assuming the company prepares adjusting entries monthly. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. List debit entry before credit entry. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.8. 5,275.)

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