Vaughn Limited has the following information available for accruals for the year ended December 31, 2021. The company adjusts its accounts annually.

1.		The December utility bill for $467 was unrecorded on December 31. Vaughn paid the bill on January 21.
2.		Vaughn is open seven days a week and employees are paid a total of $3,640 every Monday for a seven-day (MondaySunday) workweek. December 31 is a Friday, so employees will have workedfive days (Monday, December 27 to Friday, December 31) that they have not been paid for by yearend. Employees will be paid next on Monday, January 3.
3.		Vaughn signed a $48,200, 5% bank loan on November 1, 2020, due in two years. Interest is payable on the first day of each following month and was last paid on December 1.
4.		Vaughn receives a fee from Pizza Shop next door for all pizzas sold to customers using Vaughns facility. The amount owing for December is $310, which Pizza Shop will pay on January 4. (Hint: Use the Fees Earned account.)
5.		Vaughn rented some of its unused warehouse space to a client for $5,600 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. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	Dec. 31	enter an account title for the adjusting entry	enter a debit amount	enter a credit amount
		enter an account title for the adjusting entry	enter a debit amount	enter a credit amount
2.	31	enter an account title for the adjusting entry	enter a debit amount	enter a credit amount
		enter an account title for the adjusting entry	enter a debit amount	enter a credit amount
3.	31	enter an account title for the adjusting entry	enter a debit amount	enter a credit amount
		enter an account title for the adjusting entry	enter a debit amount	enter a credit amount
4.	31	enter an account title for the adjusting entry	enter a debit amount	enter a credit amount
		enter an account title for the adjusting entry	enter a debit amount	enter a credit amount
5.	31	enter an account title for the adjusting entry	enter a debit amount	enter a credit amount

For each situation, prepare the journal entry to record the subsequent cash transaction in 2022. (Record journal entries in the order presented in the problem. List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 21	enter an account title for the adjusting entry on January 21	enter a debit amount	enter a credit amount
	enter an account title for the adjusting entry on January 21	enter a debit amount	enter a credit amount
Jan. 3	enter an account title for the adjusting entry on January 7	enter a debit amount	enter a credit amount
	enter an account title for the adjusting entry on January 7	enter a debit amount	enter a credit amount
	enter an account title for the adjusting entry on January 7	enter a debit amount	enter a credit amount
Jan. 1	enter an account title for the adjusting entry on January 1	enter a debit amount	enter a credit amount
	enter an account title for the adjusting entry on January 1	enter a debit amount	enter a credit amount
Jan. 4	enter an account title for the adjusting entry on January 4	enter a debit amount	enter a credit amount
	enter an account title for the adjusting entry on January 4	enter a debit amount	enter a credit amount
Jan. 2	enter an account title for the adjusting entry on January 2	enter a debit amount	enter a credit amount
	enter an account title for the adjusting entry on January 2	enter a debit amount	enter a credit amount