For each of the following transactions for New Idea Corporation prepare the adjusting journal entries required on July 31.(If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) , Received a $730 utility bill for electricity usage in July to be paid in August Owed wages to 10 employees who worked three days at $230 each per day at the end of July. The company will pay employees at the end of the first week of August e On July 1, loaned money to an employee who agreed to repay the loan in one year along with $1,980 for one full year of interest. No interest has been recorded yet. Journal entry worksheet Record the receipt of a $730 utility bill for electricity usage in July to be paid in August Note: Enter debits before credits References eBook & Resources Learning Objectlive: 04-02 Prepare the end of the period General Journal Difficulty 2 Medium Check my work