Ivanhoe Company has the following balances in selected accounts on December 31, 2020, $0 0 8.000 Accounts Receivable Accumulated Depreciation-Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 0 10,000 3.480 2,000 31,000 All the accounts have normal balances. The information below has been gathered at December 31, 2020 1. 2 3 4 5 Ivanhoe Company borrowed $10,100 by signing a 9%, one-year note on September 1, 2020. A count of supplies on December 31, 2020, indicates that supplies of $890 are on hand. Depreciation on the equipment for 2020 is $1.400. Ivanhoe Company paid $3.480 for 12 months of insurance coverage on June 1, 2020. On December 1, 2020, Ivanhoe collected $31.000 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 Ivanhoe performed consulting services for a client in December 2020. The client will be billed $4.000 Ivanhoe Company Days its employees total salaries of $5,400 every Monday for the preceding 5-day week (Monday throuheld on Monday, December 29. emplos sold for the weekend in December 26. As weed 6 7 ty PO F 23 # 3 $ 4 % 5 & 7 1 0 6 8 9 W E R T . P S D F G . J K K