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Jennifer Davis is the new owner of Jennifer's Computer Services. At the end of July 2025, her first month of ownership, Jennifer is trying to
Jennifer Davis is the new owner of Jennifer's Computer Services. At the end of July 2025, her first month of ownership, Jennifer is trying to prepare monthly financial statements. She has the following information for the month. At July 31 , Jennifer owed emplonees 51,710 in salaries that the comparry will pay in August. On July 1, Jennifer borrowed $19,200 from a local bank on a 1-year note. The annual interest rate is 10 x. Interest will be paid with the note at maturity. Service revenue unrecorded in July totaled $1,660. Prepare the adjusting entriesneeded at July 31, 2025. (tist ell debit entries before credit entriex. If no entry is required, select "No Entry" for the account titles and enter
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