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Spllsh Brothers lnc. has following information available for accruals for the year ended December 31, 2017. The company adjusts its accounts annually. The December utility
Spllsh Brothers lnc. has following information available for accruals for the year ended December 31, 2017. The company adjusts its accounts annually. The December utility bill for $510 was unrecorded on December 31. Spllsh Brothers paid the bill on January 11. Spllsh Brothers is open 7 days a week and employees are paid a total of $4, 200 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. Spllsh Brothers signed a $54,000, 5% bank loan on November 1, 2016, due in 1 years. Interest is payable on the first day of each following month. Spllsh Brothers receives a fee from puzza shop next door for all plzzas sold to customers using Splish Brothers's facility. The amount owed for December is $360, which pizza shop will pay on January 4. Spllsh Brothers rented some of its unused warehouse space to a dient for $7, 200 a month, payable the first day of the following month. It received the rent for the month of December on January 2. For each stuation, prepare the adjusting entry required at December 31. (Round answers to 0 decimal places, e.g 5, 275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually.) Dec, 31, 2017 Dec, 31, 2017 Dec 31, 2017 Dec 31, 2017
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