Required: 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 $500 utlity bill for electricity usage in July to be paid in August. b. Owed wages to 5 employees who worked four days at $50 each per day at the end of July. The company will pay enployees 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 5600 for one full year of interest. No interest has been recorded yet. a. Received a 5500 utility bili for electricity usage in July to be pald in August a. Owed wages 105 employees who worked four days at $50 each per day at the end of July the sompany will piry eitiployees at the End of the first week of August. c. On July 1 , loaned money to an employee who ogreed to repay the loan in one year along with $600 for one full year of interest Nio interest has been fecorded yel. July to be paid in August ays at $50 each per disy at ihe end ot juyy The company wit poy employeet at me. eed lo repiay the loan in one year aloog with sitiop for one fulr year of inateist. No