Blue Spruce Corp. has the following balances in selected accounts on December 31, 2019. $ 0 0 8,000 0 Accounts Receivable Accumulated Depreciation-Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 9,800 2,100 0 2,100 33,200 All the accounts have normal balances. The information below has been gathered at December 31, 2019. 1. 2. 3. 4. Blue Spruce Corp. borrowed $9,800 by signing a 12%, one-year note on September 1, 2019. A count of supplies on December 31, 2019, indicates that supplies of $990 are on hand. Depreciation on the equipment for 2019 is $1,800. Blue Spruce Corp. paid $2,100 for 12 months of insurance coverage on June 1, 2019. On December 1, 2019, Blue Spruce Corp. collected $33,200 for consulting services to be performed from December 1, 2019, through March 31, 2020. Blue Spruce Corp. performed consulting services for a client in December 2019. The client will be billed $4,200. Blue Spruce Corp. pays its employees total salaries of $8,000 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 2019. 5. 6. 7. 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 Credit 1. 2. 3. 4. 5. 6. 7