Question 3 (of 12) 3. value: 0.50 points M4-7 Determining Accounting Equation Effects of Accrual Adjustments [LO 4-2] For each of the following transactions for New Idea Corporation, give the accounting equation effects of the adjustments required at the end of the month on July 31: (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign) a. Received a $680 utility bill for electricity usage in July to be paid in August. b. Owed wages to 5 employees who worked four days at $140 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 $1,680 for one full year of interest. No interest has been recorded yet. Assets Liabilities Stockholders' Equity Transaction a. b. c