Cheyenne Corp. has the following information available for accruals for the year ended December 31, 2017. The company adjusts its accounts annually.
1. The December utility bill for $470 was unrecorded on December 31. Cheyenne paid the bill on January 11.
2. Cheyenne is open 7 days a week and employees are paid a total of $3,850 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. Cheyenne signed a $49,500, 5% bank loan on November 1, 2016, due in 1 years. Interest is payable on the first day of each following month.
4. Cheyenne receives a fee from Pizza Shop next door for all pizzas sold to customers using Cheyenne’s facility. The amount owed for December is $330, which Pizza Shop will pay on January 4. (Hint: Use the Service Revenue account.)
5. Cheyenne rented some of its unused warehouse space to a client for $6,600 a month, payable the first day of the following month. It received the rent for the month of December on January 2.
Exercise 4-18 (Part Level Submission) Cheyenne Cor

Exercise 4-18 (Part Level Submission) Cheyenne Cor
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(a)

For each situation, prepare the adjusting entry required at December 31. (Round answers to 0 decimal places, e. g. 5,275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)