Sunland Company has the following information available for accruals for the year ended December 31, 2020, The company adjusts its accounts annually 1. 2 3. The December utility bill for $430 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 $3,780 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. Sunland signed a $46.000.6% bank loan on November 1.2020. due in 2 years. No interest payments were made in 2020 Interest for 2020 was paid on January 1, 2021 Sunland receives a fee from Pizza Shop next door for all pizzas sold to customers using Sunland's facility. The amount owed for December is $320, which Pizza Shop will pay on January 4. (Hint: Use the Service Revenue account) Sunland rented some of its unused warehouse space to a client for $6,400 a month, payable the first day of the following month. It received the rent for the month of December on January 2. 4. 5. For each situation, prepare the adjusting entry required at December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to decimal places. 4.3.5,275.) Date Account Titles and Explanation Dec. 31 Debit Credit (To record payable account) Dec. 31 (To record accrued salaries and wages) Dec 31 (To record interest used) Dec. 31 To record service account) Dec. 31 Torerned rent nunti For each situation, prepare the journal entry to record the subsequent cash transaction in 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles Debit Credit Jan 11 Jan. 4 (To record accrued salaries and wages) Jan. 1 Jan. 4 (To record accrued receivable) Jan. N