Patricia Johnson is the new owner Patricia's Computer Services. At the end of July 2022, her first month of ownership, Patricia is trying to prepare monthly financial statements. She has the following information for the month At July 31, Patricia owed employees $3,940 in salaries that the company will pay in August. On July 1, Patricia borrowed $24,000 froma local bank on a 10-year note. The annual interest rate is 8 % 1 2. Service revenue unrecorded in July totaled $1,600. 3. Prepare the adjusting entries needed at July 31,, 2022. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1 2 3