The Grouper Corporation had the following unadjusted trial balance at the end of its fiscal...
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The Grouper Corporation had the following unadjusted trial balance at the end of its fiscal year, July 31, 2025. Additional information for adjusting entries: 1. On July 31 , the company had performed $1,010 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 $710. 4. Unrecorded monthly depreciation is $253. 5. Interest is due on the note payable on the first day of each following month, beginning August 1. Interest for July is $3. 6. As of July 31 , the company owed $2,710 of salaries and wages to its employees for the month just ended. 7. During July, the company satisfied $2,210 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
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