E$4\mathrm{.}8($LO $3)($Prepare adjusting and subsequent entries for accruals.$)$ Greenock 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 $$425$ was unrecorded on December $31.$ Greenock paid the bill on January $21.$Greenock is open seven days a week and employees are paid a total of $$3,500$ every Monday for a seven$-$day $($Monday$$Sunday$)$ workweek. December $31$ is a Tuesday, so employees will have worked two days $($Monday$,$ December $30,$ to Tuesday, December $31)$ that they have not been paid for by year end. Employees will be paid next on Monday, January $6.$Greenock signed a $$45,000,5\%$ 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 $1.$Greenock receives a fee from Pizza Shop next door for all pizzas sold to customers using Greenock$$s facility. The amount owing for December is $$300,$ which Pizza Shop will pay on January $4.($Hint: Use the Fees Earned account.$)$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 $2.$