Elizabeth Brown is the new owner of Elizabeth's Computer Services. At the end of July 2025, her first month of ownership, Elizabeth is trying to prepare monthly financial statements. She has the following information for the month. 1. At July 31, Elizabeth owed employees $3,380 in salaries that the company will pay in August. 2. On July 1, Elizabeth borrowed $22,500 from a local bank on a 1-year note. The annual interest rate is 8%. Interest will be paid with the note at maturity. 3. Service revenue unrecorded in July totaled $1,650