Pharoah Company has the following information available for accruals for the year ended December 31, 2020. The company adjusts its accounts annually. 1. The December utility bill for $405 was unrecorded on December 31. Pharoah paid the bill on January 11. Pharoah is open 7 days a week and employees are paid a total of $3,780 every Monday for a 7-day (Monday-Sunday) 2. 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. Pharoah signed a $47,100,4% bank loan on November 1, 2019, due in 2 years. Interest is payable on the first day of each following month. Pharoah receives a fee from Pizza Shop next door for all pizzas sold to customers using Pharoah's facility. The amount owed for December is $250, which Pizza Shop will pay on January 4. (Hint: Use the Service Revenue account.) Pharoah rented some of its unused warehouse space to a client for $6,100 a month, payable the first day of the following month. It received the rent for the month of December on January 2. For each of the above transactions, prepare the journal entry to record the initial transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.) Debit Credit Date Account Titles and Explanation Dec.31 Utilities Expense 405 405 Accounts Payable (To record payable account) Dec. 31 Salaries and Wages Expense Salaries and Wages Payable (To record accrued salaries and wages) Dec. 31 (To record interest used) Dec. 31 (To record service account) Dec. 31 (To record rent account) For each situation, prepare the journal entry to record the subsequent cash transaction in 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles Debit Credit Jan. 11 Jan. 4 (To record accrued salaries and wages) Jan. 1 Jan. 4 (To record accrued receivable) Jan. 2