Accounting

Adjusting enteries:
1. On august 1st, mr. borg borrowed $30,000 from a local bank on a 15 year mortage. The annual interest rate is 8%.
A telephone bill in the amount of $117 covering august charges is unpaid at august 31.


Although this is not my area of expertise, we do not know what you are asking. You give us some information, but you have not given a question about that information. Please give us specific questions, so we are better able to help you.

I hope this helps a little. Thanks for asking.


I am trying to write the adjusting enteries to both of the sentences provided.

  1. 👍
  2. 👎
  3. 👁

Respond to this Question

First Name

Your Response

Similar Questions

  1. Math

    William earned $3,200 per month as a teacher for the ten months from September to June. Then he took a job as a barista at a local café, where he earned $2,000 per month during July and August. What was his average monthly pay

  2. Applied Calculus

    In August 2013, Ally Bank was offering 0.16% interest on its Online Savings Account, with interest reinvested daily. Assuming that this rate of return continued for 8 years, how much was would a deposit of $4000 in August 2013 be

  3. math

    A person borrowed Rs.20,000 from a bank at a simple interest rate of 12% per annum.In how many years will he owe interest of Rs.3,600?

  4. algebra

    mr.thomas wants to buy a boat. he must make 548 monthly payments to pay back the amount he borrowed, plus interest. his monthly payment is $161.85. what other information is necessary to determine the amount of money mr.thomas

  1. Maths

    Mrs Ricky borrowed $5,340 at a bank at 9.5% per annum simple interest for 5 years. (A) the sum of money paid in interest to the bank. (B) the total amount of money repaid to the bank. (C) the value of each monthly installment.

  2. Math

    A bank offers an annual simple interest rate of 8% on home improvement loans. Tobias borrowed $17,000 over a period of 2 years. How much did he repay altogether?

  3. algebra

    mr.thomas wants to buy a boat. he must make 548 monthly payments to pay back the amount he borrowed, plus interest. his monthly payment is $161.85. what other information is necessary to determine the amount of money mr.thomas

  4. Precalculus

    A museum borrows $2,000,000 at simple annual interest to purchase new exhibits. Let x represent the amount borrowed at 7%, y represent the amount borrowed at 8.5%, and z represent the amount borrowed at 9.5%. Set up a system of

  1. Accounting

    Horse Country Living publishes a monthly magazine for which a 12-month subscription costs $30. All subscriptions require payment of the full $30 in advance. On August 1, 2008, the balance in the Subscriptions Received in Advance

  2. Accounting

    On April 1, 2013, Ringo Company borrowed $20,000 from its bank by using a 9%, 12 month note, with the interest to be paid on the maturity date. I do not understand this question, can you help me out, please.

  3. math

    mr.thomas wants to buy a boat. he must make 548 monthly payments to pay back the amount he borrowed, plus interest. his monthly payment is $161.85. what other information is necessary to determine the amount of money mr.thomas

  4. Accounting

    On June 1, Melendez Company borrows $90,000 from First Bank on a 6-month, $90,000, 12% note. Instructions (a) Prepare the entry on June 1. (b) Prepare the adjusting entry on June 30. (c) Prepare the entry at maturity (December 1),

You can view more similar questions or ask a new question.