Pharoah Company has the following information available for accruals for the year ended December 31, 2017. The company adjusts its accounts annually.

1.		The December utility bill for $525 was unrecorded on December 31. Pharoah paid the bill on January 11.
2.		Pharoah is open 7 days a week and employees are paid a total of $4,340 every Monday for a 7-day (MondaySunday) workweek. December 31 is a Thursday, so employees will have worked 4 days (Monday, December 28Thursday, December 31) that they have not been paid for by year-end. Employees will be paid next on January 4.
3.		Pharoah signed a $55,800, 5% bank loan on November 1, 2016, due in 2 years. Interest is payable on the first day of each following month.
4.		Pharoah receives a fee from Pizza Shop next door for all pizzas sold to customers using Pharoahs facility. The amount owed for December is $370, which Pizza Shop will pay on January 4. (Hint: Use the Service Revenue account.)
5.		Pharoah rented some of its unused warehouse space to a client for $7,440 a month, payable the first day of the following month. It received the rent for the month of December on January 2.

No.D ate Account Titles and Explanation Debit Credit 1. Dec. 31, 2017 2. Dec. 31, 2017 3. Dec. 31, 2017 4. Dec. 31, 2017 5. Dec. 31, 2017