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ALL BLANKS MUST BE FILLED Bramble Corp. has the following information available for accruals for the year ended December 31, 2022. The company adjusts its
ALL BLANKS MUST BE FILLED
Bramble Corp. has the following information available for accruals for the year ended December 31, 2022. The company adjusts its accounts annually 1 2 3 The December utility bill for $415 was unrecorded on December 31. Bramble paid the bill on January 11, Bramble is open 7 days a week and employees are paid a total of $3,430 every Mondayfbra 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. Bramble signed a $ 44, 400, 5% bank loan on November 1, 2021, due in 2 years. Interest is payable on the first day of each following month Bramble receives a fee from Pizza Shop next door for all pizzas sold to customers using Bramble's facility. The amount owed for December is $ 290, which Pizza Shop will pay on January 4. (Hint:Use the Service Revenue account.) Bramble rented some of its unused warehouse space to a client for $5.880 a month payable the first day of the following month. It received the rent for the month of December on January 2 4. 5 No. Date Account Titles and Explanation Debit Credit 1. Dec. 31, 2022 2. Dec. 31, 2022 3. Dec 31, 2022 Dec. 4. 31, 2022 2022 2022 4. Dec. 31, 2022 5. Dec. 31, 2022 Step by Step Solution
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