Sunland Company has the below information for accruals for the year ended December 31st, 2022. the company adjusts its accounts annually.

  

Chapter 4 Homework e Question 6 of 7 Current Attempt in Progress 2. 3. 4. Sunland Company has the following information available for accruals for the year ended December 31, 2022. The company adjusts its accounts annually. 5. < (a) > 1. - 13 The December utility bill for $410 was unrecorded on December 31. Sunland paid the bill on January 11. Sunland is open 7 days a week and employees are paid a total of $3.360 every Monday for a 7-day (Monday-Sunclay) workweek. December 31 is a Thursday, so employces 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. E Sunland signed a $43,200, 5% bank loan on November 1, 2021, due in 2 years. Interest is payable on the first day of each following month. Sunland receives a lee from Pizza Shup next door for all pizzas sold to customers using Sunland's facility. The amount owed for December is $290, which Pizza Shop will pay on January 4. (Hint: Use the Service Revenue account. No. Date Account Titles and Explanation Dec. 31, 2022 Sunland rented some of its unused warehouse space to a client for $5,760 a month, payable the first day of the following month. It received the rent for the month of December on January 2. For each situation, prepare the adjusting entry required at December 31. (Round answers to O decimal places, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit