Devin Wolf Company has the following balances in selected accounts on December $31,2024.$ Devin has a calendar year end.

Accounts Receivable $$0$

Accumulated Depreciation $-$ Equipment $0$

Equipment $7,000$

Interest Payable $0$

Notes Payable $10,000$

Prepaid Insurance $2,100$

Salaries Payable $0$

Supplies $2,450$

Unearned Revenue $32,000$

All the accounts have been normal balances. The information below has been gathered at December $31,2024.$

Devin Wolf Company borrowed $$10,000$ by signing a $4\%,$ one$-$year note on September $1,2024.$

A count of supplies on December $31,2024,$ indicated that supplies of $$900$ are on hand,

Depreciation on the equipment for $2024$ is $$1,000.$

Devin Wolf Company paid $$2,100$ for $12$ months of insurance coverage on June $1,2024.$

On December $1,2024.$ Devin Wolf collected $$32,000$ for consulting services to be performed evenly from Dec $1,2024$ through March $31,2025.$

Devin Wolf performed consulting services for a client in December $2024.$ The client will be billed $$4,200.$ Payment from the customer is expected on January $14,2025.$

Devin Wolf Company pays its employees total salaries of $$9,000$ every Wednesday for the preceding five$-$day week $($Monday through Friday$).$ Assume January $5$ is a Wednesday. On Wednesday, January $5,2025,$ employees were paid for the last five weekdays of $2024.$

Instructions

Prepare the appropriate subsequent cash entries if applicable.