Answer:
July 31, 2019
Dr Salaries and Wages Expense $1,800
Cr Salaries and Wages Payable $1,800
Dr Interest Expense 320
Cr Interested Payable 320
Dr Accounts Receivable $2,600
Cr Service Revenue $2,600
Explanation:
Preparation of the adjusting entries needed at July 31, 2019
July 31, 2019
Dr Salaries and Wages Expense $1,800
Cr Salaries and Wages Payable $1,800
Dr Interest Expense 320
Cr Interested Payable 320
[$32,000*12%-($32,000*12%*11/12)]
Dr Accounts Receivable $2,600
Cr Service Revenue $2,600