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)

An investor purchases 500 shares of nevada industries common stock for $22.00 per share today. at t = 1 year, this investor receives a $0.42 per share dividend (which is not reinvested) on the 500 shares and purchases an additional 500 shares for $24.75 per share. at t = 2 years, he receives another $0.42 (not reinvested) per share dividend on 1,000 shares and purchases 600 more shares for $31.25 per share. at t = 3 years, he sells 1,000 of the shares for $35.50 per share and the remaining 600 shares at $36.00 per share, but receives no dividends. assuming no commissions or taxes, the money-weighted rate of return received on this investment is closest to: