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The following information is available for the year-ended December 31,2018 for Sport Court Resurfacing (SCR) Corporation: On April 1,2018 signed a bank loan for $10,200

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The following information is available for the year-ended December 31,2018 for Sport Court Resurfacing (SCR) Corporation: On April 1,2018 signed a bank loan for $10,200 with interest and principal repayable in one-year. The interest rate on the loan is 4%. SCR pays its employees $ 32,700 every other Friday which reflects a 2-week pay period or 10 working days. December 31, 2018 falls on a Monday so employees will not get paid for the work they completed on this day until January 11,2019 Estimated income tax payable for the year end is $ 6,870 which is payable January 31,2019. Utility expenses of $420 for the month of December were unrecorded and unpaid. They are due anuary 21,2019. SCR provided tennis court resurfacing to a local tennis club.At the end of the year the club owed SCR$ 16,700.SCR billed the club on January 2,2019 and collected the full amount on January 10,2019. 1. 2. 3. 4. 5

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