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The ledger of Cullumber Company on July 31, 2022, includes the selected accounts below before...

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Accounting

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The ledger of Cullumber Company on July 31, 2022, includes the selected accounts below before adjusting entries have been prepared. Credit Investment in Note Receivable Supplies Prepaid Rent Buildings Accumulated Depreciation Buildings Unearned Service Revenue Debit $12,000 20,000 2,400 200,000 $120,000 10,000 An analysis of the company's accounts shows the following. 1. 2. 3. 4. The investment in the notes receivable earns interest at a rate of 6% per year. Supplies on hand at the end of the month totaled $15,000. The balance in Prepaid Rent represents 4 months of rent costs. Employees were owed $2,700 related to unpaid salaries and wages. Depreciation on buildings is $3,600 per year. During the month, the company satisfied obligations worth $4,500 related to the Unearned Services Revenue. Unpaid maintenance and repairs costs were $2,000. 5. 6. 7. 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 Ofor the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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