Exercise 3-16 Greenock Limited has the fallowing information available for accruals for the year ended December 31, 2019. The company adjusts its accounts annually 1 The December udlity bill for $425 was unrecorded on December 31. Greenock pald the bill on 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 3. Greenock signed a $45,000, 5% bank loan on November 1, 2018, due in 2 years. Interest is payable on the first day of each follawing month. been paid for by year-end. Employees will be paid next on January 4 Greenock recelves 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.) 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 5. For each stuation, prepare the adjusting entry required at December 31. (Credit account titles are automatically indented when the anount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.) No. Date Account Titles and Explanation Dec. 31, 2019 2. Dec. 31, 2019 3. Dec. 31, 2019 4. Dec. 31, 2019