1. a) ACI Company has the following balances in selected accounts on December 31, 2018. Accounts Receivable $0 Accumulated DepreciationEquipment 0 Equipment 7,000 Interest Payable 0 Notes Payable 10,000 Prepaid Insurance 2,100 Salaries Payable 0 Supplies 2,450 Unearned Consulting Revenue 40,000 All the accounts have normal balances. The information below has been gathered at December 31, 2018. 1. ACI Company borrowed $10,000 by signing a 12%, one-year note on September 1, 2018. 2. A count of supplies on December 31, 2018, indicates that supplies of $800 are on hand. 3. Depreciation on the equipment for 2018 is $1,000. 4. ACI Company paid $2,100 for 12 months of insurance coverage on June 1, 2018. 5. On December 1, 2018, ACI collected $40,000 for consulting services to be performed from December 1, 2018, through March 31, 2019. 6. ACI performed consulting services for a client in December 2018. The client will be billed $4,200. 7. ACI Company pays its employees total salaries of $9,000 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2018. Required:

Slove adjusting entries for the seven items described above for the year ended December 31, 2018.