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Demello & Associates records adjusting entries on an annual basis. The company has the following information available on accruals that must be recorded for the year ended December 31, 2021:

1.		Demello has a $15,600, 6% note receivable with a customer. The customer pays the interest on a monthly basis on the first of the month. Assume the customer pays the correct amount each month.
2.		Demello pays its employees a total of $7,000 every second Wednesday. Employees work a five-day week, Monday to Friday, and are paid for all statutory holidays. December 31, 2021, is a Friday. Employees were paid on Wednesday, December 29, 2021, up to the Friday of the prior week.
3.		Demello has a contract with a customer where it provides services prior to billing the customer. On December 31, 2021, this customer owed Demello $3,290. Demello billed the customer on January 7, 2022, and collected the full amount on January 18, 2022.
4.		Demello received the $450 December utility bill on January 10, 2022. The bill was paid on its due date, January 22, 2022.
5.		Demello has a $25,200, 8% note payable. Interest is paid every six months, on October 31 and April 30. Assume that Demello made the correct interest payment on October 31, 2020, and April 30, 2021.

Prepare the adjusting journal entries required on December 31, 2021

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