Blossom Company has the following balances in selected accounts on December 31, 2020. Accounts Receivable Accumulated Depreciation-Equipment $0 0 Equipment 6,000 Interest Payable 0 Notes Payable 10,000 Prepaid Insurance 1,800 Salaries and Wages Payable 0 Supplies 2,000 Unearned Service Revenue 28,000 All the accounts have normal balances. The information below has been gathered at December 31, 2020. 1. Blossom Company borrowed $8,400 by signing a 9%, one-year note on September 1, 2020. 2. A count of supplies on December 31, 2020, indicates that supplies of $800 are on hand. 3. Depreciation on the equipment for 2020 is $1,000. 4. Blossom Company paid $1,800 for 12 months of insurance coverage on June 1, 2020. 5. On December 1, 2020, Blossom collected $28,000 for consulting services to be performed from December 1, 2020, through March 31, 2021. The company had performed 1/4 of the services by December 31. 6. Blossom performed consulting services for a client in December 2020. The client will be billed $3,500. 7. Blossom Company pays its employees total salaries of $5,100 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. Prepare adjusting entries for the seven items described above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7.