Cullumber Company has the following balances in selected accounts on December 31, 2020, Accounts Receivable $0 Accumulated Depreciation-Equipment 0 Equipment 8,000 Interest Payable 0 Notes Payable 11,000 Prepaid Insurance 3,120 Salaries and Wages Payable Supplies 2.200 Unearned Service Revenue 28,000 0 3 All the accounts have normal batances. The information below has been gathered at December 31, 2020 1 Cullumber Company borrowed 59.400 by signing a 9%, one-year note on September 1, 2020 2 A count of supplies on December 31, 2020, indicates that supplies of 5970 we on hand Depreciation on the equipment for 2020 is $2.000 4. Cullumber Company paid $3.120 for 12 months of insurance coverage on June 1.2020 S. On December 1, 2020, Cutlumber collected $20,000 for consulting services to be performed on December 1.200 through March 31, 2021. The company had performed 1/4 of the services by December Cullumber performed consulting services for a client in December 2020 Thechint will be used 4200 7 Cullumber Company Days its employees total salaries of $3.600 every Monday for the precedes a week today th O 6. 7 Cullumber performed consulting services for a dient in December 2020. The dient will be filled 54200. Cullumber Company pays its employees total salaries of $5.500 every Monday for the preceding Sday 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 2020 Prepare adjusting entries for the sewn tema described above. Ondit account files are totally dented when the amount entered. Do not Indent morally No. Account miles and Explanation 1. 2