Adjusting Entries: Seymor Stars is the new owner of Night Computer Services. At the end of August 201X, his first month of ownership, Seymor is trying to prepare monthly financial statements. At August 31, Seymor owed his employees $2,900 in wages that will be paid on September 1.

At the end of the month he had not yet received the months utility bill. Based on past experience, he estimated that the bill would be approximately $600.

A telephone bill in the amount of $117 covering August charges is unpaid at August 31.

You are to prepare the adjusting entries for a) wage expense, b) utilities expense, and c) telephone expense. For each journal entry write Dr. for debit and Cr. for credit