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The following data at July 31 are given for EBM Company. View the data. Bead...

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Accounting

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The following data at July 31 are given for EBM Company. View the data. Bead the requitements. Requirement 1. Journalize the adjusting entries needed on July 31. (Record debits first, then credits. Seloct the explanation on the last line of the journal ontry table.) a. Depreciation, $300 Data a. Depreciation, $300. b. Prepaid rent expires, $100. c. Interest expense accrued, $600. d. Employee salaries owed for Monday through Thursday of a five-day workweek; weekly payroll, $16,000. e. Unearned revenue earned, $1,300. f. Supplies used, $200. Requirements 1. Journalize the adjusting entries needed on July 31 . 2. Suppose the adjustments made in Requirement 1 were not made. Compute the overall overstatement or understatement of net income as a result of the omission of these adjustments. a. Depreciation, $300. 1. Journalize the adjusting entries needed on July 31 . (Rece $300. Requirement 1. Journaltse the adjusting entries needed on July 31. (Record debits first, then credits. Sele a. Depreciation, $300

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