WITH EXPLANATIONS PLEASE

QUESTION #3 Marka Markus Naslund Pty Ltd has the following transactions planned for the year 2021. Markus wants you to account for each of the transactions below as if they occurred on the first day of the year. Purchase of land with 24 month bank loan for $33 000. Wages earned by employees. Not yet paid. $6 000. More wages earned. Paid by EFT (electronic funds transfer). $4 000. Estimate for electricity used. Bill not received. Estimate of $6 000. Electricity bill received and paid by EFT in the amount of $6 000. Services provided. Cash received of $5 000. Services provided. Cash not received. $5 000. Services to be provided next year. Cash received of $17 000. Long term borrowing. Cash received of $2 000. Repayment of long term borrowing in the amount of $7 000. REQUIRED: 1. Wages expense for the year 2021. 2. Electricity expense for the year 2021. 3. Services revenue for the year 2021