True & Fair Law Firm's yearend is December 31, 2019. Selected pertinent financial information is as follows: 1. The firm is billed for electricity on the 20th of each month. The electricity bill for the month ending December 20, 2019 is $4,000, and $5,000 for the month ending January 20, 2020. from reading the meter, it is estimated that the amount of electricity used between December 20 to 31 to be $1,800. 2. Monthly payroll of $12,000 is paid on the 15th of each month. The salaries earned by employees from December 16 to 31 total $6,000. Required: Prepare the reversing entries required for January 1, 2020, assuming the necessary adjusting entries required for these items have already been done on December 31, 2019. Credit is given only for the reversing entries, not for the accrual entries