The owner of a lawn service company prepares annual financial statements Prepare the appropriate adjusting entries for July 31, 2020, the company's year end, based on the following information available at the end of July a. Service fees of $1,800 were earned by July 31 but not recorded. b. The lawn service company's lawn tractor was purchased for $2,400 in 2018 and estimated to be used for four year. The company record the annual amortization at the year end c. The last weekly salary of $1,400 was paid to employees on Friday, July 25. Employees are paid based on a five day workweek. Salaries for July 28, 29, 30, and 31 have accrued. d. Prepare the entry to pay the salaries on Friday, August 1. Answer: Date Accounts DR CR a To record accrued service revenue for July b Annual amortization States o E @ DOLL F6 F7 F8 F9 F10 F11 F12 . ? & % 5 7 00 2 9 3 114 - 12