Can someone help me to understand how to solve this kind of problems with the explanation too please.

E3.16 (LO 3) Greenock Company has the following information available for accruals for the year ended December 31, 2020. The company adjusts its accounts annually. Prepare adjusting 1. The December utility bill for $425 was unrecorded on December 31. Greenock paid the bill on entries for accruals January 11. 2. Greenock is open 7 days a week and employees are paid a total of $3,500 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. 3. Greenock signed a $48,000, 5% bank loan on November 1, 2020, due in 2 years. No interest pay- ments were made in 2020. 4. Greenock receives a fee from Pizza Shop next door for all pizzas sold to customers using Greenock's facility. The amount owed for December is $300, which Pizza Shop will pay on January 4. (Hint: Use the Service Revenue account.) 5. Greenock rented some of its unused warehouse space to a client for $6,000 a month, payable the first day of the following month. It received the rent for the month of December on January 2. Instructions a. For each situation, prepare the adjusting entry required at December 31. (Round all calculations to the nearest dollar.) b. For each situation, prepare the journal entry to record the subsequent cash transaction in 2021.sting the Accounts E3,13 (LO 2, 3) The ledger of Yoon Lumber Supply on July 31, 2020, includes the selected account below before adjusting entries have been prepared. Debit Credit Notes Payable W 20,000 Supplies W 24,000 Prepaid Rent 3,600 Buildings 250,000 Accumulated Depreciation-Buildings 140,000 Unearned Service Revenue 11,500 An analysis of the company's accounts shows the following. 1. The notes payable pays interest at a rate of 6% per year. 2. Supplies on hand at the end of the month totaled 18,600. 3. The balance in Prepaid Rent represents 4 months of rent costs. 4. Employees were owed W3, 100 related to unpaid salaries and wages. 5. Depreciation on buildings is W.6,000 per year. 6. During the month, the company satisfied obligations worth W4,700 related to the Unearned Services Revenue. 7. Unpaid maintenance and repairs costs were W2,300. Instructions Prepare the adjusting entries at July 31 assuming that adjusting entries are made monthly. Use additional accounts as needed