Do It! Review 4-3 Windsor, Inc. is the new owner of Windsor's Computer Services. At the end of July 2017, her first month of ownership, Windsor is trying to prepare monthly financial statements. She has the following information for the month. At July 31, Windsor owed employees On July 1, Windsor borrowed $21,000 from a local bank on a 11-year note. The annual interest rate is 8% 1. 1,850 in salaries that the company will pay in August. 3 Service revenue unrecorded in July totaled $1,600 Prepare the adjusting entries needed at July 31, 2017. (If no entry is required,lect "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.) No. Account Titles and Explanation 1. Debit 2. 3