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for each of the following transactions for the new idea corporation given the accounting equation affects of the adjustments required at the end of the
for each of the following transactions for the new idea corporation given the accounting equation affects of the adjustments required at the end of the month on July 31
Required: For each of the following transactions for New Idea Corporation, give the accounting equation the end of the month on July 31: (Enter any decreases to Assets, Liabilities, or Stockholders' a. Received a $690 utility bill for electricity usage in July to be paid in August. b. Owed wages to 10 employees who worked three days at $145 each per day at the end of the end of the first week of August. c. On July 1 , loaned money to an employee who agreed to repay the loan in one year along interest has been recorded yet. irst week of August d money to an employee who agreed to repay the loan in one year along with $1,740 for one full year of interest. No in recorded yet Step by Step Solution
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