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Hey Joni,
It's been a while since I've looked at this but, from what I can remember, the system tracking times for things like login tracking and audit history are all stored in UTC.
The actual Transactions (the stuff that you care about) default to the user's business date which is set based on the timezone that they are in.
So, in your situation, when you pull those two transactions, I believe they should both show Dec 31.
The question then becomes whether or not the transaction stores the timezone on it which I don't think it does. Maybe you could guess it based on the timezone of the user who created the transaction?
