CALCULATOR PRINTERSON BACK NEXT Exercise 3-16 a-b (Part Level Submission) Sunland Company has the following information available for accruals for the year ended December 31, 2020. The company ad 's accounts annually 1. The December utility bill for $410 was unrecorded on December 31. Sunland paid the bill on January 11. 2. Sunland is open 7 days a week and employees are paid a total of $3,360 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. 3. Sunland signed a $43,200, 5% bank loan on November 1, 2019, due in 2 years. Interest is payable on the first day of each following month 4. 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 $290, which Pizza Shop will pay on January 4. (Hint: Use the Service Revenue account.) 5. Sunland rented some of its unused warehouse space to a client for $5,760 a month, payable the first day of the following month. It received the rent for the month of December on January (a) Your answer is correct, 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, eg. 5,275.) No. Date Account Titles and Explanation Debit Credit 1. Dec. 31, 2020 Utilities Expense 410 Accounts Payable 419 2. Dec 31, 2020 Salaries and Wages Expense 1920 Salanes and Wages Payable 1920 3. Dec 31, 2020 Interest Expense Tor each situacion, prepare me aujusung entry required at December 31. (Creuil decome ones are Round answers to 0 decimal places, e.g. 5,275.) No. Date Account Titles and Explanation Debit Credit 1. Dec. 31, 2020 Utilities Expense 410 Accounts Payable 410 2. Dec 31, 2020 Salaries and Wages Expense 1920 Salaries and Wages Payable 1920 3. Dec. 31, 2020 Interest Expense 180 Interest Payable 180 290 4. Dec 31, 2020 Accounts Receivable . Service Revenue 290 5. Dec 31, 2020 Accounts Receivable 5,760 Rent Revenue 5,760 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT here to search (hp) (b) Your answer is partially correct. Try again. For each situation, prepare the journal entry to record the subsequent cash transaction in 2021. (Credit account titles are automata indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Jan. 11, 2021 Accounts Payable 410 Cash 410 S 2. Jan. 4, 2021 Salaries and Wages Expense 1920 Salaries and Wages Payable 1920 Cash 3,360 3. Jan. 1, 2021 Interest Expense 180 Interest Payable 180 SH 4. Jan. 4, 2021 Accounts Receivable 290 x Service Revenue 290 ce to search :: hp NO. Udle ALXXIII TRR DIR Expidid UCURE CREUIL 1. Jan. 11, 2021 Accounts Payable 410 s. Cash 410 S 2. Jan. 4, 2021 Salaries and Wages Expense 1920 Salaries and Wages Payable 1920 CY Cash 3,360 3. Jan. 1, 2021 Interest Expense 180 x Interest Payable 180 4. Jan. 4, 2021 Accounts Receivable 290 Ex Service Revenue 290 X 5. Jan. 2, 2021 Accounts Receivable 5,760 Rent Revenue 5,760 O search