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question for each of the following transaction for new idea corporation prepare the 4284735


For each of the following transaction for New Idea Corporation,prepare the adjusting journal entries required on July 21. (if noentry required Write “no journal entry required”.

A) recieved a $790 utility bill for electricity usage in July tobe paid in August

B) Owed wages to 10 employees who worked 3 days at $160 each oerday at the end of July. the Company will pay empolyees at the endof the first week if August.

C) on july 1, Loaned money to an employee who agree to repay theloan in one year along with $2340 for one full year of interest. Nointerest has been recorded yet

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