Received a $$640$ utility bill for electricity usage in July to be paid in August.Owed wages to $15$ employees who worked three days at $$140$ each per day at the end of July. The company will pay employees at the end of the first week of August.On July $1,$ loaned money to an employee who agreed to repay the loan in one year along with $$1,440$ for one full year of interest. No interest has been recorded yet.