A Question 3 of 7 < > View Policies Current Attempt in Progress Concord Company has the following balances in selected accounts on December 31, 2022. Accounts Receivable Accumulated Depreciation-Equipment $0 0 Equipment 6,440 Interest Payable 0 Notes Payable 9,200 Prepaid Insurance 1,932 Salaries and Wages Payable 0 Supplies Unearned Service Revenue 2,254 27,600 -/3 All the accounts have normal balances. The following information has been gathered at December 31, 2022. 1. 2. Concord Company borrowed $9,200 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 $828 are on hand. @ 2. 3. Depreciation on the equipment for 2022 is $920. 4. Concord paid $1,932 for 12 months of insurance coverage on June 1, 2022. 5. On December 1, 2022, Concord collected $27,600 for consulting services to be performed evenly from December 1, 2022, through March 31, 2023. 6. Concord performed consulting services for a client in December 2022. The client will be billed $3,864. 7. Concord pays its employees total salaries of $8,280 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. Concord prepares adjustments annually. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation 1. Accounts Receivable Interest Payable Debit 9.200 Credit 1,104 Question 3 of 7 2. 3. 4. 5. 6. 7. > -/3 >