(Solved): Need help adjusting the journal entries properly having trouble \#2 Adjusting journal entries 5 jou ...

\#2 Adjusting journal entries 5 journal entries 30 POINTS The ledger of $ABC$ Company on October 31 includes the selected accounts below. \begin{tabular}{l|r|r} & \multicolumn{1}{c|}{ Debit } & \multicolumn{1}{c}{ Credit } \\ \cline { 1 - 2 } Supplies & 500 & \\ \hline Prepaid rent & 6,000 & \\ \hline Buildings & 100,000 & \\ \hline Accumulated depreciation: buildings & 30,000 \\ \hline Notes payable & & 10,000 \\ \hline Unearned service revenue & 2,000 \end{tabular} Prepare the adjusting journal entries at October 31 assuming that adjusting entries are made monthly using the information provided below. For some of the adjustments you also need the information provided in the partial trial balance above. 1 Supplies on hand at the end of the month total $\$50$. Monthly rent is $\$1,000$ 3 Depreciation on the building is $\$6,000$ per year. 4 The note payable has an annual interest rate of $6\%$. 5 During the month, the company satisfied obligations of $\$1,500$ related to the unearned revenue. ( $\$1,500$ of the unearned revenue was earned during the month.)