Andy Roddick is the new owner of Crane Computer Services. At the end of August...
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Accounting
Andy Roddick is the new owner of Crane Computer Services. At the end of August 2025, his first month of ownership, Roddick is trying to prepare monthly financial statements. Below is some information related to unrecorded expenses that the business incurred during August. 1. At August 31, Roddick owed his employees $1,890 in wages that will be paid on September 1. 2. On August 1. Roddick borrowed $30,000 from a local bank on a 15 -year mortgage. The annual interest rate is 7% Prepare the adjusting journal entries as of August 31, 2025, suggested by the information above
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