Crane Company has the following balances in selected accounts on December 31, 2021. Crane has a calendar year end.

Accounts Receivable $ 0

Accumulated DepreciationEquipment 0

Equipment 8,200

Interest Payable 0

Notes Payable 5,100

Prepaid Insurance 2,052

Salaries Payable 0

Supplies 2,640

Unearned Revenue 27,800

All the accounts have normal balances. The information below has been gathered at December 31, 2021.

1. Crane Company borrowed $ 5,100 by signing a 4%, one-year note on September 1, 2021.

2. A count of supplies on December 31, 2021, indicates that supplies of $ 800 are on hand.

3. Depreciation on the equipment for 2021 is $ 1,230.

4. Crane Company paid $ 2,052 for 12 months of insurance coverage on June 1, 2021.

5. On December 1, 2021, Crane collected $ 27,800 for consulting services to be performed evenly from December 1, 2021, through March 31, 2022.

6. Crane performed consulting services for a client in December 2021. The client will be billed $ 3,600. Payment from the customer is expected on January 14, 2022.

7. Crane Company pays its employees total salaries of $ 8,800 every Wednesday for the preceding five-day week (Monday through Friday). On Wednesday, January 5, 2022, employees were paid for the last five weekdays of 2021.

Prepare adjusting entries for the seven items described above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	Dec. 31
2.	Dec. 31
3.	Dec. 31
4.	Dec. 31
5.	Dec. 31
6.	Dec. 31
7.	Dec. 31

Prepare the appropriate subsequent cash entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	Aug. 31
6.	Aug. 31 Jan. 5 Jan. 14
7.	Aug. 31 Jan. 5 Jan. 14