Blossom Company has the following information avalable for accruals for the year ended December 31, 2017. The company adjusts its accounts annually. 2. he December utility bili for ssoo was unrecorded on December 31, Blossom paid the bill on January 11 employees will days a week and employees are paid a total of $4,130 Monday for 7-day December 31 is a Thursday, so have worked days December 28 Thursday, December that they have not been paid by year-end. Employees will be paid next on 4. Blossom signed s% bank loan on November 1, 2016, due in 1 veans, interest is payable on the first day of each following month Blossom receives a fee from pizza shop next door for all pizzas sold to customers using Blossom's facility. The amount owed for December s Pizza Shop will pay on January 4. the Service Revenue account. $350, which Blossom rented some of its unused warehouse space to a client for $7,080 a month, payable the first day of the following month. it received the rent for the month of December on January 2. agai Your answer is partially correct. Try For each situation, prepare the adjusting entry required 31. (Round to o deci sa places e g. s,zzs, m is Entry" for the account at December account titles are automatically indented when the amount is entered Do not indent titles and enter o for the amounts. credit Account Titles and Explanation 1, Dec. 31, 2017 Utilities Expense Salaries and wages Expen Salaries and wages pay 2360