1 2 Demella & Associates records adjusting entries on an annual basis. The company has the following information available on accruals that must be recorded for the year ended December 31, 2021: Demelio has a $10,800, 8% note receivable with a customer. The customer pays the interest on a monthly basis on the first of the month. Assume the customer pays the correct amount each month. Demello pays its employees a total of $6,400 every second Wednesday. Employees work a five-day week, Monday to Friday, and are paid for all statutory holidays December 31, 2021, Is a Friday. Employees were paid on Wednesday, December 29, 2021, up to the Friday of the prior week 3. Demello has a contract with a customer where it provides services prior to billing the customer. On December 31, 2021, this customer owed Demeilo $3.290. Demello billed the customer on January 7, 2022, and collected the full amount on January 18.2022 Demello received the $460 December utility bill on January 10, 2022. The bill was paid on les due date, January 22, 2022 Demella has a $27.600,8% note payable. Interest is paid every six months, on October 31 and April 30. Assume that Dernelle made the correct interest payment on April 30, 2021, and October 31, 2021 4 5 (a) Prepare the adjusting journal entries required on December 31, 2021. (Cradle accountities are automatically indented when amount Is entered. Do not Indent mawally no entry is required, select "No Entry for the account dides and enter for the amounts. Round arewers to the nearest whole dolor 5275) Debit Credit No. Date Account Titles and Explanation Dec 31 1 2 Dec 31 Dec 31 answers to the core WIK No. Date Account Titles and Explanation Debit Credit 1 Dec. 31 2 Dec. 31 3 Dec 31 4 Dec. 31 5 Dec 31 List of Accounts Savetor Lite Attempts: 0 of 1 used Submit Andrer