Current Attempt in Progress Marigold Company has the following balances in selected accounts on December 31, 2022. Accounts Receivable Accumulated Depreciation-Equipment $0 0 Equipment 6,160 Interest Payable 0 Notes Payable 8.800 Prepaid Insurance 1,848 Salaries and Wages Payable Supplies 2.156 Unearned Service Revenue 26.400 All the accounts have normal balances. The following information has been gathered at December 31, 2022 1 Marigold Company borrowed $8,800 by signing a 12%, one-year note on September 1, 2022. Interest will be paid when the note is repaid. A count of supplies on December 31, 2022, indicates that supplies of $792 are on hand. 2 3. Depreciation on the equipment for 2022 is $880. 4. Marigold paid $1,848 for 12 months of insurance coverage on June 1, 2022. 5. On December 1, 2022, Marigold collected $26,400 for consulting services to be performed evenly from December 1, 2022. through March 31, 2023. 6. Marigold performed consulting services for a client in December 2022. The client will be billed $3,696. 7. Marigold pays its employees total salaries of $7,920 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 2022 Prepare adjusting entries for the seven items described above. Marigold prepares adjustments annually. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation 1. Interest Expense Interest Payable 2. Supplies Expense Suppiles Debit Credit