Concord Limited has the following information available for accruals for the year ended December $31,2024.$ The company adjusts its accounts annually.

The December utility bill for $$460$ was unrecorded on December $31.$ Concord paid the bill on January $21.$

Concord is open seven days a week and employees are paid a total of $$3,570$ every Monday for a seven$-$day $($MondaySunday$)$ workweek. December $31$ is a Tuesday, so employees will have worked two days $($Monday$,$ December $30$ to Tuesday, December $31)$ that they have not been paid for by year end. Employees will be paid next on Monday, January $6.$

Concord signed a $$42,000,6\%$ bank loan on November $1,2023,$ due in two years. Interest is payable on the first day of each following month and was last paid on December $1.$

Concord receives a fee from Pizza Shop next door for all pizzas sold to customers using Concord's facility. The amount owing for December is $$410,$ which Pizza Shop will pay on January $4.($Hint: Use the Fees Earned account.$)$

Concord rented some of its unused warehouse space to a client for $$8,400$ a month, payable the first day of the following month. It received the rent for the month of December on January $2.$

$($a$)$

For each situation, prepare the adjusting entry required at December $31.($Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Round answers to $0$ decimal places, e$.$g$.5,275.)$