E3-5 Hwang Ltd. has the following balances in selected accounts on December 31, 2017. Prepare adjusting entries Accounts Receivable NTS -O- from selected data. Accumulated Depreciation-Equipment (LO 5, 6) Equipment 210,000 Interest Payable Notes Payable 240,000 Prepaid Insurance 63,100 Salaries and Wages Payable Supplies 73,500 Unearned Service Revenue 900,000 142 3 Adjusting the Accounts All the accounts have normal balances. The information below has been gathered at December 31, 2017. 1. Hwang borrowed NT$240,000 by signing a 6%, 1-year note on October 1, 2017 2. A count of supplies on December 31, 2017, indicates that supplies of NT$23,400 are on hand. 3. Depreciation on the equipment for 2017 is NT$30,000. 4. Hwang paid NT$63,000 for 12 months of insurance coverage on June 1, 2017. 5. On December 1, 2017, Hwang collected NT$900,000 for consulting services to be per formed from December 1, 2017, through March 31, 2018. 6. Hwang performed consulting services for a client in December 2017. The client will be billed NT$117,000 7. Hwang pays its employees total salaries of NT$270,000 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 2017