Cash Service Revens Midnight Cempary has the following selected accounts' balances on December 31, 3017 (the end of its fiscal year). Accounts Receivable Accumulated Depreciation-Equipment Eqeipment Notes Payable Prepaid Insurance 3,500 1,200 20,000 3,000 2.940 36,000 30,000 66,000 Uneamed Service Revenue Salaries Expensc Service Revenue All of the accounts have normal belances. The information belew has been gatherod at December 31, Depreciation on the equipment is 100 monthly 2. Midsight Company borrowed 620,000 by signing a 6%, one-year none on July 1, 2017 3. The company paid 3,000 for 12 moaths of insarance coverage on October 1, 2017 4. The company pays its empleyees total salaries of 10,.000 every Monday for the preceding S-day week (Monday-Friday) On Monday, December 27, 2017, employes wene paid for the week ending December 24, 2017. All employees worked the five days ending December 31, 2017 5. The company perfomed services for a client in December 2017. The client will be billed 63,000. 6. On December 1, 2017, the company collected 36,000 for services processes to he perfiomed from December 1, 2017, theough May 31, 2018 7. A count of supplies on December 31, 2017, indicanes that supplies of 750 are on hand. Instrections 1. Joumalize the adjusting entries for the seven items listed for Midnight Compary