Chapter 4 EOC Graded Assignment Question 5 of 7 < > -/1 Current Attempt in Progress Carol Garcia is the new owner of Carol's Computer Services. At the end of July 2022, her first month of ownership, Carol is trying to prepare monthly financial statements. She has the following information for the month. 1 At July 31, Carol owed employees $1,254 in salaries that the company will pay in August. 2 On July 1, Carol borrowed $22,800 from a local bank on a 10-year note. The annual interest rate is 9%. 3. Service revenue unrecorded in July totaled $1,824. Indicate how adjustments for these three situations would affect the accounting equation by completing the following table, which includes a sample accrual for a utility bill received August 1 for services received during July 2022. Stockholders' Equity Assets Liabilities (Rev. Exp.) Sample No Effect Increase No Effect Increase 1. 2 eTextbook and Media Save for Later Attempts: 0 of 3 used Submit