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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

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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 $376 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 $3,080 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 $39,600,5% bank loan on November 1, 2021, due in 2 years. Interest is payable on the first day of each following month. (For example, interest incurred during November would be paid on December 1) Skysong receives a fee from Pizza Shop next door for all pizzas sold to customers using Skysongs facility. The amount owed for December is $264, which Pizza Shop will pay on January 4.Hint: Use the Service Revenue account.) Skysong rented some of its unused warehouse space to a client for $5 280 a month payable the first day of the following month. It received the rent payment for the month of December on January 2 4 5. For each situation, prepare the adjusting entry required at December 31. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credi Date Dec. 31, 2022 1. Utilities Expense 376 Accounts Receivable 2 Dec. 31, 2022 Salaries and Wages Expense 1760 Salaries and Wages Payable 3 . Dec 31, 2022 Interest Expense Interest Payable 4 Dec 31, 2022 Accounts Receivable 264 Unearned Service Revenue 5. Dec. 31, 2022 Accounts Recolvable 5280 Rent Revenue No. Date Account Titles and Explanation Debit Credit 1. Jan. 11, 2023 Accounts Receivable 376 Cash 2 Jan. 4, 2023 Salaries and Wages Expense 1320 Salaries and Wages Payable 1760 cash 3 Jan 1, 2023 Interest Payable 165 4 Jan 4, 2023 20 Accounts Receivable 5 Jan 2, 2023 520 Accounts Recolvable

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