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Elizabeth Brown is the new owner of Elizabeth's Computer Services. At the end of July 2022, her first month of ownership, Elizabeth is trying to

image text in transcribed Elizabeth Brown is the new owner of Elizabeth's Computer Services. At the end of July 2022, her first month of ownership, Elizabeth is trying to prepare monthly financial statements. She has the following information for the month. 1. At July 31, Elizabeth owed employees $968 in salaries that the company will pay in August. 2. On July 1 , Elizabeth borrowed $17,600 from a local bank on a 10 -year note. The annual interest rate is 9%. 3. Service revenue unrecorded in July totaled $1,408. Indicate how adjustments for these three situations would affect the accounting equation by completing the following table, which includes a sample accrual for a utility bill received August 1 for services received during July 2022

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