Jean Karns is the new owner of Jean's Computer Services. At the end of July 2025 , her first month of ownership, Jean is trying to prepare monthly financial statements. She has the following information for the month.

1. At July 31 , Jean owed employees \(\$ 1,100\) in salaries that the company will pay in August.

2. On July 1 , Jean borrowed \(\$ 20,000\) from a local bank on a 1 -year note. The annual interest rate is \(9 \%\). Interest will be paid with the note at maturity.

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

Prepare the adjusting entries needed at July 31, 2025.