Current Attempt in Progress The Novak Corporation had the following unadjusted trial balance at the end of its fiscal year, July 31, 2025. Debit Credit Cash $8,255 Accounts Receivable 4,855 Supplies 1,480 Prepaid Rent 1,580 Equipment 15,060 Accumulated Depreciation-Equipment Accounts Payable $6,024 280 Unearned Service Revenue Notes Payable 3,580 1,080 Common Stock Retained Earnings 5,080 15,186 Totals $31,230 $31,230 Additional information for adjusting entries: 1. On July 31, the company had performed $880 of services for a client that it had not billed or recorded. 2. Record rent expense this month. The current balance in Prepaid Rent represents 2 months of rent. 3. Supplies on hand on July 31 were $580. 4. Unrecorded monthly depreciation is $251. 5. Interest is due on the note payable on the first day of each following month, beginning August 1. Interest for July is $2. 6. As of July 31, the company owed $2,580 of salaries and wages to its employees for the month just ended. 7. During July, the company satisfied $2,080 worth of services related to amounts that had previously been recorded as Unearned Service Revenue. This revenue has not yet been recorded. Prepare the adjusting entries for July 31. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. 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.) Date No. Account Titles and Explanation July 31 1. July 31 2. July 31 3. July 31 4. July 31 5. July 31 6. July 31 7. eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit Answer

Chapter22: Accounting For Changes And Errors.