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1 The December utility bill for $405 was unrecorded on December 31. Sunland paid the bill on January 11. 2. 3. 4. 5. Sunland
1 The December utility bill for $405 was unrecorded on December 31. Sunland paid the bill on January 11. 2. 3. 4. 5. Sunland is open 7 days a week and employees are paid a total of $4.970 every Monday for a 7-day (Monday-Sunday) workweek. December 31 is a Thursday, so employees will have worked 4 days (Monday, December 28-Thursday, December 31) that they have not been paid for by year-end. Employees will be paid next on January 4 Sunland signed a $46.800.6% bank loan on November 1, 2020, due in 2 years. No interest payments were made in 2020. Interest for 2020 was paid on January 1, 2021. Sunland receives a fee from Pizza Shop next door for all pizzas sold to customers using Sunland's facility. The amount owed for December is $350, which Pizza Shop will pay on January 4, (Hint: Use the Service Revenue account.) Sunland rented some of its unused warehouse space to a client for $6.500 a month, payable the first day of the following month. It received the rent for the month of December on January 2
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