Skysong, Inc. has the following information available for accruals for the year ended December 31, 2022. The company adjusts its accounts annually.

1.The December utility bill for $350 was unrecorded on December 31. Skysong paid the bill on January 11.2.Skysong is open 7 days a week and employees are paid a total of $2,870 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 4.3.Skysong signed a $37,200, 5% bank loan on November 1, 2021, due in 2 years. Interest is payable on the first day of each following month.4.Skysong receives a fee from Pizza Shop next door for all pizzas sold to customers using Skysong's facility. The amount owed for December is $250, which Pizza Shop will pay on January 4. (Hint: Use the Service Revenue account.)5.Skysong rented some of its unused warehouse space to a client for $4,920 a month, payable the first day of the following month. It received the rent for the month of December on January 2.