Homework 4 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.) points a. Received a $780 utility bill for electricity usage in July to be paid in August. b. Owed wages to 10 employees who worked three days at $150 each per day at the end of July. The company will pay employees at 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 with $2,280 for one full year of Interest. No interest has been recorded yet. View transaction list Record the receipt of a $780 utility bill for electricity usage in July to be paid in August. 2 Record the wages owed to 10 employees who worked three days at $150 each per day at the end of July. The company will pay employees at the end of the first week of August. 3 Record the loaned money on July 1. to an employee who agreed to repay the loan in one year along with $2,200 for one full year of interest. (No interest has been recorded yet.)