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please and thank you Current Attempt in Progress Sheridan Computer Services began operations in July 2022. At the end of the month, the company prepares
please and thank you
Current Attempt in Progress Sheridan Computer Services began operations in July 2022. At the end of the month, the company prepares monthly financial statements. It has the following information for the month. 1. At July 31, the company owed employees $ 1.800 in salaries that the company will pay in August. On July 1, the company borrowed $ 22.400 from a local bank on a 10-year note. The annual interest rate is 6% Interest is paid 2 annually 3. Service revenue unrecorded in July totaled $2,400 Prepare the adjusting entries needed at July 31, 2022. (List all debit entries before credit entries. Credit account titles are automatically indented when the omount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1 July 31 (To record accrued salaries) 2. July 31 (To record accrued interest) 3. July 31 To record revenue for service performed) Step by Step Solution
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