Question 2 Marigold Corp. is the new owner of Marigold's Computer Services. At the end of July 2017, monthly financial statements. She has the following information for the month. her first month of ownership, Marigold is trying to prepare 1. At July 31, Marigold owed employees $ 1,950 in salaries that the company will pay in August. On July 1, Marigold borrowed $ 18,000 from a local bank on a 12-year note. The annual interest rate is 10%. 3. Service revenue unrecorded in July totaled $ 1,600 Prepare the adjusting entries needed at July 31,2017.(lf 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 1. Debit Credit enter an account title to record the first transaction enter an account title to record the first transaction 2. enter an account title to record the second transaction enter an account title to record the second transaction 3. enter an account title to record the third transaction enter an account title to record the third transaction List of Accounts