Sheridan Limited has the following information available for accruals for the year ended December 31, 2025. The company adjusts its accounts annually. 1. The December utility bill for $355 was unrecorded on December 31. Sheridan paid the bill on January 11. 2. Sheridan is open 7 days a week and employees are paid a total of $2,940 every Monday for a 7 -day (Monday-Sunday) workweek. December 31 is a December 31) that they have not been paid for by year-end. Employees will be paid next on January 4. 3. Sheridan signed a $37,800,6% bank loan on November 1,2024 , due in 2 years. Interest is payable on the first day of each following month. (For exa 4. Sheridan receives a fee from Pizza Shop next door for all pizzas sold to customers using Sheridan's facility. The amount owed for December is $250 5. Sheridan rented some of its unused warehouse space to a client for $5,040 a month, payable the first day of the following month. It received the rer (a) Your answer is partially correct. For each situation, prepare the adjusting entry required at December 31. (List all debit entries before credit entries. Round answers to 0 decimal places, e.g. 5 , amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)