Carol Garcia is the new owner of Carols Computer Services. At the end of July 2022, her first month of ownership, Carol is trying to prepare monthly financial statements. She has the following information for the month. 1. At July 31, Carol owed employees $3,510 in salaries that the company will pay in August. 2. On July 1, Carol borrowed $24,000 from a local bank on a 11-year note. The annual interest rate is 8%. 3. Service revenue unrecorded in July totaled $1,600.

Prepare the adjusting entries needed at July 31, 2022. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)