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Carla Vista Wolf Company has the following balances in selected accounts on December 31, 2024. Carla Vista has a calendar year end. All the accounts
Carla Vista Wolf Company has the following balances in selected accounts on December 31, 2024. Carla Vista has a calendar year end. All the accounts have normal balances. The information below has been gathered at December 31, 2024. All the accounts have normal balances. The information below has been gathered at December 31,2024. 1. Carla Vista Wolf Company borrowed $11,700 by signing a 4%, one-year note on September 1,2024. 2. A count of supplies on December 31,2024 , indicates that supplies of $860 are on hand. 3. Depreciation on the equipment for 2024 is $1,230. 4. Carla Vista Wolf Company paid $2,052 for 12 months of insurance coverage on June 1,2024. 5. On December 1, 2024, Carla Vista Wolf collected. Prepare appropriate subsequent cash entries
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