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45 Iain coming Question 6 of 12 c > Current Attempt in Progress Cullumber Company has the following balances in selected accounts on December
45 Iain coming Question 6 of 12 c > Current Attempt in Progress Cullumber Company has the following balances in selected accounts on December 31, 2022. Accounts Receivable Accumulated Depreciation-Equipment $0 0 Equipment 5,600 Interest Payable 0 Notes Payable 8,000 Prepaid Insurance 1.680 Salaries and Wages Payable 0 Supplies 1.960 Unearned Service Revenue 24,000 -/1 E All the accounts have normal balances. The following information has been gathered at December 31, 2022 Search 1123 AM 2/28/2003 coming Question 6 of 12 < < All the accounts have normal balances. The following information has been gathered at December 31, 2022. 2. 3. 4. 5. Cullumber Company borrowed $8,000 by signing a 12%, 1-year note on September 1, 2022. Interest will be paid when the note is repaid. A count of supplies on December 31, 2022, indicates that supplies of $720 are on hand. Depreciation on the equipment for 2022 is $800. Cullumber paid $1,680 for 12 months of insurance coverage on June 1, 2022. On December 1, 2022, Cullumber collected $24,000 for consulting services to be performed evenly from December 1, 2022. through March 31, 2023 6. Cullumber performed consulting services for a client in December 2022. The client will be billed $3,360. 7. Cullumber pays its employees total salaries of $7.200 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 2022 Prepare adjusting entries for the seven items described above, Cullumber prepares adjustments annually. (Credit account titles are Search 11:23 AM 2/28/2023 Question 6 of 12 No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. I -/1 E
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