Question: Question 2: Pegasus Computer Services began operations in July 2014. At the end of the month, the company is trying to prepare monthly financial statements.

Question 2: Pegasus Computer Services began operations in July 2014. At

Question 2: Pegasus Computer Services began operations in July 2014. At the end of the month, the company is trying to prepare monthly financial statements. Pegasus has the following information for the month. 1. At July 31, Pegasus owed employees $1,300 in salaries that the company will pay in August. 2. Service revenue unrecorded in July totalled $2,400. Prepare the adjusting entries needed at July 31, 2014

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