Question: Current Attempt in Progress Andy Roddick is the new owner of Ace Computer Services. At the end of August 2 0 2 5 , his

Current Attempt in Progress
Andy Roddick is the new owner of Ace 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.
At August 31, Roddick owed his employees $1,900 in wages that will be paid on September 1.
At the end of the month, he had not yet received the month's utility bill. Based on past experience, he estimated the bill would
be approximately $600.
On August 1, Roddick borrowed $30,000 from a local bank on a 15-year mortgage. The annual interest rate is 8%.
A telephone bill in the amount of $117 covering August charges is unpaid at August 31.
Prepare the adjusting journal entries as of August 31,2025, suggested by the information above. (Credit account titles are automatically
indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the
amounts. List all debit entries before credit entries.)
Current Attempt in Progress
Dresser Company's weekly payroll, paid on Fridays, totals $8,000. Employees work a 5-day week. Prepare Dresser's adjusting entry on
Wednesday, December 31, and the journal entry to record the $8,000 cash payment on Friday, January 2.(Credit account titles are
automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter
0 for the amounts. List all debit entries before credit entries.)
 Current Attempt in Progress Andy Roddick is the new owner of

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