Kingbird Limited has the following information available for accruals for the year ended December $31,2025.$ The company adjusts its accounts annually.

The December utility bill for $$485$ was unrecorded on December $31.$ Kingbird paid the bill on January $11.$

Kingbird is open $7$ days a week and employees are paid a total of $$3,990$ 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 $4.$

Kingbird signed a $$51,600,5\%$ bank loan on November $1,2024,$ due in $2$ years. Interest is payable on the first day of each following month. $($For example, interest incurred during November would be paid on December $1.)$

Kingbird receives a fee from Pizza Shop next door for all pizzas sold to customers using Kingbird's facility. The amount owed for December is $$340,$ which Pizza Shop will pay on January $4.($Hint: Use the Service Revenue account.$)$

Kingbird rented some of its unused warehouse space to a client for $$6,840$ a month, payable the first day of the following month. It received the rent for the month of December on January $2.$