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.
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