- /20 III View Policies Current Attempt in Progress Swifty Corporation has the following information available for accruals for the year ended December 31, 2022. The company adjusts its accounts annually, 1. The December utility bill for $325 was unrecorded on December 31. Swifty paid the bill on January 11. 2 Swifty is open 7 days a week and employees are paid a total of $2.660 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. Swifty signed a $34,200,5% bank loan on November 1, 2021, due in 2 years. Interest is payable on the first day of each following month. Switty receives a fee from Pizza Shop next door for all pizzas sold to customers using Swifty's facility. The amount owed for December is $230, which Pizza Shop will pay on January 4. (Hint: Use the Service Revenue account.) 5. Swifty rented some of its unused warehouse space to a client for $4,560 a month payable the first day of the following month. It received the rent for the month of December on January 2 3 4. 5. - / 40 Question 4 of 5 Triar Balance August 31, 2022 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense Before Adjustment Dr. Cr. $11,320 8,310 2.910 4,060 16,000 $3,600 5,180 0 1,860 15,460 5,050 2.570 33,620 13,620 16,170 0 After Adjustment Dr. Cr. $11.320 8,840 1.880 2,690 16,000 $4,800 5.180 1,280 1,050 15,460 5,050 2.570 34,150 14,430 17.450 1.030 17,050 1,370 1.200 $81,400 $81,400 17.050 0 0 $78,390 $78,390