Read-Only. Return to the assignment to answer this question. LAB CH3&4 Question 4 Blue Spruce Corp. has the following information available for accruals for the year ended December 31, 2022. The company adjusts its accounts annually. 1. The December utility bill for $520 was unrecorded on December 31. Blue Spruce paid the bill on January 11. 2. Blue Spruce is open 7 days a week and employees are paid a total of $4,200 every Monday for a 7-day (MondaySunday) workweek. December 31 is a Thursday, so employees will have worked 4 days (Monday, December 28Thursday, December 31) that they have not been paid for by year-end. Employees will be paid next on January 4. 3. Blue Spruce signed a $54,000, 5% bank loan on November 1, 2021, due in 2 years. Interest is payable on the first day of each following month (For example, interest incurred during November is paid on December 1.). 4. Blue Spruce receives a fee from Pizza Shop next door for all pizzas sold to customers using Blue Spruces facility. The amount owed for December is $360, which Pizza Shop will pay on January 4. (Hint: Use the Service Revenue account.) 5. Blue Spruce rented some of its unused warehouse space to a client for $7,200 a month, payable the first day of the following month. It received the rent for the month of December on January 2. (a) For each situation, record the adjustment required at December 31 using the tabular summary that follows. (Round all calculations to the nearest dollar. If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets = Liabilities + Stockholders Equity 2022 Cash + Accts. Rec. Accts. Pay. + Int. Pay. + Sal. & Wages Pay. Com. Stock + Retained Earnings = + Rev. - Exp. - Div 1. Dec. 31 enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount select an account title 2. Dec. 31 enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount select an account title 3. Dec. 31 enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount select an account title 4. Dec. 31 enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount select an account title 5. Dec. 31 enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount enter a dollar amount select an account title Totals enter a total amount enter a total amount enter a total amount enter a total amount enter a total amount enter a total amount enter a total amount enter a total amount enter a total amount (b) The parts of this question must be completed in order. This part will be available when you complete the part above.