Sandra Robinson is the new owner of Sandra's Computer Services. At the end of July...

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Accounting

Sandra Robinson is the new owner of Sandra's Computer Services. At the end of July 2025, her first month of ownership, Sandra is
trying to prepare monthly financial statements. She has the following information for the month.
At July 31, Sandra owed employees $2,460 in salaries that the company will pay in August.
On July 1, Sandra borrowed $21,000 from a local bank on a 1-year note. The annual interest rate is 8%. Interest will be paid
with the note at maturity.
Service revenue unrecorded in July totaled $1,760.
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