The following information is available for the year-ended December 31, 2022 for Sport Court Resurfacing (SCR) Corporation:

1.

On April 1, 2022 signed a bank loan for $9,100 with interest and principal repayable in one-year. The interest rate on the loan is 4%.

2.

SCR pays its employees $34,600 every other Friday which reflects a 2-week pay period or 10 working days (Monday to Friday each week). December 31, 2022 falls on a Monday so employees will not get paid for the work they completed on this day until January 11, 2023. The total amount of salaries paid on January 11, 2023 was $34,600.

3.

Estimated income tax payable for the year end is $7,750 which is payable January 31, 2023.

4.

Utility expenses of $470 for the month of December were unrecorded and unpaid. They are due January 21, 2023.

5.

SCR provided tennis court resurfacing to a local tennis club. At the end of the year the club owed SCR $15,300. SCR billed the club on January 2, 2023 and collected the full amount on January 10, 2023.

Prepare the adjusting entries required on December 31, assuming SCR records adjusting entries annually. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31
Dec. 31
Dec. 31
Dec. 31
Dec. 31