All the accounts have normal balances. The information below has been gathered at December 31, 2020. 1. Sheridan Company borrowed $21,000 by signing a 12%, one-year note on August 1,2020. 2. A count of supplies on December 31,2020 , indicates that supplies of $890 are on hand 3. Depreciation on the equipment for 2020 is $2,200. 4. Sheridan Company paid $2,880 for 12 months of insurance coverage on May 1, 2020. 5. On November 1,2020 , Sheridan collected $50,000 for consulting services to be performed from November 1,2020 , through March 31, 2021 6. Sheridan performed consulting services for a client in December 2020. The client will be billed \$6,100. 7. Sheridan Company pays its employees total salaries of $14,000 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 2020 . (a) Prepare adjusting entries for the seven items described above. (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 tilles and enter O for the amounts. List all debit entrles before credit entrles.)