Prepare the adjusting entries needed at July 31, 2011.

Jose Contreras is the new accountant of Curveball Computer Services. At the end of July 2011, Jose is trying to prepare monthly financial statements. He has the following information for the month.

1. At July 31, Curveball owed employees $1,100 in salaries that the company will pay in August.

2. On July 1, Curveball borrowed $20,000 from a local bank on a 10-year note. The annual interest rate is 12%.

3. Service revenue unrecorded in July totaled $1,600.

Prepare the adjusting entries needed at July 31, 2011.

Stuck With A Lot Of Homework Assignments And Feeling Stressed ? Take Professional Academic Assistance & Get 100% Plagiarism Free Papers

Get Help By Expert

For students who are struggling with essay writing, we can be a lifesaver. We offer essay writing help for students of all levels, from elementary school to college. Our team of experienced assignment writers can help you with any type of essay, from persuasive essays to comparative essays. So if you're struggling with essay writing, don't hesitate to contact us for assistance.


Looking For Plagiarism Free Answers For Your College/ University Assignments.