Johnson Company pays its employees on the 5th of every month for previous month's pay period, 16th-end of month. On December 31, 2017, employees 4 had earned total wages of $4, 500 that will be paid on January 5, 2018. On December 17th, Johnson Company performs services on account for 5 Smith Company in the amount of $10,000. Johnson Company received a payment of $9,000 on November 1, 2017 for services to be provided November 1. 2017 through January 31. 2018. (Assume