Ivanhoe Company has the following balances in selected accounts on December 31, 2017. Ivanhoe has a calendar year end.

Accounts Receivable $0

Accumulated DepreciationEquipment 0

Equipment 6,900

Interest Payable 0

Notes Payable 8,100

Prepaid Insurance 2,148

Salaries Payable 0

Supplies 2,520

Unearned Revenue 30,600

All the accounts have normal balances. The information below has been gathered at December 31, 2017.

1.Ivanhoe Company borrowed $8,100 by signing a 4%, one-year note on September 1, 2017.

2.A count of supplies on December 31, 2017, indicates that supplies of $950 are on hand.

3.Depreciation on the equipment for 2017 is $990.

4.Ivanhoe Company paid $2,148 for 12 months of insurance coverage on June 1, 2017.

5.On December 1, 2017, Ivanhoe collected $30,600 for consulting services to be performed evenly from December 1, 2017, through March 31, 2018.

6.Ivanhoe performed consulting services for a client in December 2017. The client will be billed $5,100. Payment from the customer is expected on January 15, 2018.

7.Ivanhoe Company pays its employees total salaries of $10,000 every Wednesday for the preceding five-day week (Monday through Friday). On Wednesday, January 3, 2018, employees were paid for the last five weekdays of 2017.

Prepare the appropriate subsequent cash entries. (Credit account titles are automatically indented when the amount is entered.Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)