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Larkspur, Inc. is the new owner of Larkspurs Computer Services. At the end of July 2017, her first month of ownership, Larkspur is trying to prepare monthly financial statements. She has the following information for the month.

1.		At July 31, Larkspur owed employees $1,860 in salaries that the company will pay in August.
2.		On July 1, Larkspur borrowed $22,500 from a local bank on a 12-year note. The annual interest rate is 8%.
3.		Service revenue unrecorded in July totaled $1,600.

Prepare the adjusting entries needed at July 31, 2017

ASSIGNMENT RESOURCES Do It Review 4-3 Larkspur, Inc. is the new owner of Larkspur's Computer Services. At the end of July 2017, her first month of ownership, Larkspur is trying to prepare monthly financa 04 Post stetements. She has the following information for the month. 1. At July 31, Larkspur owed employees $1,860 in salaries that the company will pay in August 2. On July 1, Larkspur borrowed $22,500 from a local bank ora 12-year note. The annual Interest rate is 3%. 3. Service revenue unrecorded in July totaled $1,500 Prepare the adjusting entries needed at July 31, 2017. (It no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit Level Sutminssion Problem 4-2A (Part No. Account Titles and Explanation Review Score 3. SHOW LUST OF ACCOUNTS r or accounts LINK TO TEX Pri oo ky 2000 2018Jobo y le ASons Inc. All Rights R r ed A Divlsk of J ht yeleyssons inc. Licensenare munt 432 PM O Type here to search /17/20183 DOLL F1O e11 ENZ PtSct FS F6 F7 F8 FT F2 F3 ESC 8 7 4 5 6 8 2

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