Cullumber Company has the following balances in selected accounts on December 31, 2020.

Accounts Receivable		$ 0
Accumulated DepreciationEquipment		0
Equipment		8,000
Interest Payable		0
Notes Payable		10,000
Prepaid Insurance		3,960
Salaries and Wages Payable		0
Supplies		2,200
Unearned Service Revenue		28,000

All the accounts have normal balances. The information below has been gathered at December 31, 2020.

1.		Cullumber Company borrowed $11,400 by signing a 9%, one-year note on September 1, 2020.
2.		A count of supplies on December 31, 2020, indicates that supplies of $820 are on hand.
3.		Depreciation on the equipment for 2020 is $1,200.
4.		Cullumber Company paid $3,960 for 12 months of insurance coverage on June 1, 2020.
5.		On December 1, 2020, Cullumber collected $28,000 for consulting services to be performed from December 1, 2020, through March 31, 2021. The company had performed 1/4 of the services by December 31.
6.		Cullumber performed consulting services for a client in December 2020. The client will be billed $4,200.
7.		Cullumber Company pays its employees total salaries of $5,400 every Monday for the preceding 5-day 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 seven items described above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)