Current Attempt in Progress Edward Roddick is the new owner of Ace Computer Services. At the...

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Current Attempt in Progress Edward Roddick is the new owner of Ace Computer Services. At the end of August 2023, 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 $3,000 in wages that will be paid on September 1. 2. 3. 4. At the end of the month, he had not yet received the month's utility bill. He estimated the bill would be approximately $780. On August 1, Roddick borrowed $30,000 from a local bank on a 15-year roortgage, with the principal being repaid at the end of 15 years. The annual interest rate is 8%. A telephone bill in the amount of $158 covering August charges is unpaid at August 31. Prepare the adjusting journal entries as at August 31, 2023, suggested by the information above. (List all debit entries before credit entries. 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.) Current Attempt in Progress Edward Roddick is the new owner of Ace Computer Services. At the end of August 2023, 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 $3,000 in wages that will be paid on September 1. 2. 3. 4. At the end of the month, he had not yet received the month's utility bill. He estimated the bill would be approximately $780. On August 1, Roddick borrowed $30,000 from a local bank on a 15-year roortgage, with the principal being repaid at the end of 15 years. The annual interest rate is 8%. A telephone bill in the amount of $158 covering August charges is unpaid at August 31. Prepare the adjusting journal entries as at August 31, 2023, suggested by the information above. (List all debit entries before credit entries. 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.)

Answer rating: 100% (QA)

Here are the adjusting journal entries as of August 31 2023 Wages Expen... View the full answer