Adjustment data: 1. Adjustment of prepaid insurance.
2. Adjustment of prepaid rent.
3. Supplies used, $1,400.
4. Equipment depreciation, $550 per month.
5. Accrual of interest on note payable.
6. Salaries for the second half of July, $12,300, to be paid on August 1.
7. Estimated utilities expense for July, $900 (invoice will be received in August).
8. Income tax for July, $1,340, will be paid in August.
Journalize and post adjusting entries for the month ending July 31. (account titles and explanation)

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)