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The ledger of Concord Corporation on July 31,2022 , includes the selected accounts below before...

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Accounting

image The ledger of Concord Corporation on July 31,2022 , includes the selected accounts below before adjusting entries have been prepared. An analysis of the company's accounts shows the following. 1. The investment in the notes receivable earns 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 Unearned 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 the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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