Required: For each of the following transactions for New ldea Corporation, give the accounting equation...
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Accounting
Required: For each of the following transactions for New ldea Corporation, give the accounting equation effects of the adjustments required at the end of the month on July 3t: (Enter any decreases to Assets, Llabilities, or Stockholders' Equity with a minus sign.) a. Received a $590 utility bill for electricity usage in July to be paid in August. b. Owed woges to 5 employees who worked four days at $95 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 whe agreed to repay the loan in one year along with $1,140 for one full year of interest No interest hos been recorded yot
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