Current Attempt in Progress On December 31, 2023, Carla Vista Linen Supplies Ltd. had the following account balances: 7. Paid $16,900 for advertising. 8. At the end of 2024 , paid the interest on the bank loan for the year at the rate of 7%, as well as $30,000 on the principal. The remaining principal balance is due in three years. 9. Received a $3,000 dividend from the long-term investment. 10. Paid $18,200 for utilities for the year. 11. Declared and paid dividends of $14,500 at the end of the year. 12. Paid $102,000 for wages during the year. At year end, the company owed another $2,000 to the employees for the last week of work in December. 13. Depreciated the equipment for the year. The company had bought its equipment at the beginning of 2021 , and it was expected to last 10 years and have a residual value of $30,000. 14. Made an adjustment for the cost of the insurance that expired in 2024. Enter the beginning balances from 2023, post the 2024 journal entries, and determine the ending balances for 2024 . (Post entries in the order of journal entries presented in the previous part. If beginning balance is zero, enter 0 in the columr for the normal balance for that account.) Prepaid Insurance Bal. 1. v^ Bal. 14. 14. ^ Bal. 4500 Long-Term Investments Bal. v 80000 80000 Bal. Accumulated Depreciation, Equipment