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Carla Vista Company has the following balances in selected accounts on December 31, 2022 Accounts Receivable Accumulated Depreciation-Equipment $0 0 Equipment 8,000 Interest Payable
Carla Vista Company has the following balances in selected accounts on December 31, 2022 Accounts Receivable Accumulated Depreciation-Equipment $0 0 Equipment 8,000 Interest Payable 0 Notes Payable 11,000 Prepaid Insurance 3,360 Salaries and Wages Payable 0 Supplies 2,500 Unearned Service Revenue 29,000 All the accounts have normal balances. The information below has been gathered at December 31, 2022. Interest will be paid when the note is repaid. 1. Carla Vista Company borrowed $9,600 by signing a 9%, one-year note on September 1, 2022. 2 A count of supplies on December 31, 2022, indicates that supplies of $960 are on hand. 3. Depreciation on the equipment for 2022 is $2,100. 4. Carla Vista paid $3,360 for 12 months of insurance coverage on June 1, 2022
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