Question $4$

Bright Spark Trading has the following transactions in the last month of its year ending $31$ December $2022.$

$9$ Dec Collected in December $2022,$ $$5,100$ for service revenue earned and $$500$ from customers owing.

$29$ Dec Received a utility bill of $$420$ for the month of December $2022.$ The bill will be paid next month.

$31$ Dec $$500$ of the prepaid insurance paid in September $2022$ has expired.

$31$ Dec Received $$2,350$ cash for future services to be provided to a customer.

$31$Dec, Overtime salaries of $$1,200$ for the last $3$ days of the month will be paid in January $2023.$

Analyse the above and record all necessary entries. Narrations and dates are not required.