Exercise 4-17 Greenock Limited has the ollowing information available for accruals or the year ended December 3, 2017The company ad usts its accounts annually. 1. The December utility bill for $425 was unrecorded on December 31. Greenock paid the bill on January 11. 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 Greenock signed a $45,000 5% bank loan on November 1, 2016, due in 2 years. Interest is payable on the first day of each o o in monthlFor examp in e est incurred during November is paid on December 1.) Greenock receives a ee rom Pizza Shop next door or all pizzas sold to customers using Greenock's ac lit. The amount owed in December s so wni? zas o ill 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 2. 3. 4. 5