All the accounts have normal balances. The information below has been gathered at December 31, 2020. 1. Whispering Winds Corp. borrowed $10,100 by signing a 12%, one-year note on September 1, 2020. 2. A count of supplies on December 31, 2020, indicates that supplies of $960 are on hand. 3. Depreciation on the equipment for 2020 is $1,300. 4. Whispering Winds paid $2,700 for 12 months of insurance coverage on June 1, 2020. 5. On December 1, 2020, Whispering Winds collected $31,200 for consulting services to be performed from December 1, 2020, thre 31, 2021. 6. Whispering Winds performed consulting services for a client in December 2020. The client will be billed $3,700. 7. Whispering Winds pays its employees total salaries of $6,000 every Monday for the preceding 5-day week (Monday through Frida Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2020. Prepare adjusting entries for the seven items described above. (Credit account titles are automatically indented when the amount is entered Indent manually.) No. Account Titles and Explanation Debit Credit 1. N I 3. LO 2. 3. 4. 5. 6