Ivanhoe Company has the following balances in selected accounts on December 31, 2021. Ivanhoe has a calendar year end.

Accounts Receivable		$	0
Accumulated DepreciationEquipment			0
Equipment			6,700
Interest Payable			0
Notes Payable			12,300
Prepaid Insurance			2,148
Salaries Payable			0
Supplies			2,200
Unearned Revenue			31,000

All the accounts have normal balances. The information below has been gathered at December 31, 2021.

1.		Ivanhoe Company borrowed $12,300 by signing a 4%, one-year note on September 1, 2021.
2.		A count of supplies on December 31, 2021, indicates that supplies of $780 are on hand.
3.		Depreciation on the equipment for 2021 is $1,250.
4.		Ivanhoe Company paid $2,148 for 12 months of insurance coverage on June 1, 2021.
5.		On December 1, 2021, Ivanhoe collected $31,000 for consulting services to be performed evenly from December 1, 2021, through March 31, 2022.
6.		Ivanhoe performed consulting services for a client in December 2021. The client will be billed $5,300. Payment from the customer is expected on January 14, 2022.
7.		Ivanhoe Company pays its employees total salaries of $8,100 every Wednesday for the preceding five-day week (Monday through Friday). On Wednesday, January 5, 2022, employees were paid for the last five weekdays of 2021.

Question 4 of 4 - 14 II! o. Date Account Titles and Explanation Debit Credit Dec. 1. Interest Expense 369 31 Interest Payable 369 2. Dec. 31 Suppiles Expense 1420 Office Expense 1420 3. Dec. 31 Depreciation Expense 1420 Accumulated Depreciation - Equipment 1420 4. Dec. 31 Insurance Expense 1.250 Prepald Insurance 1.250 5. Dec. 31 Unearned Revenue 7750 Service Revenue 7750 6. Dec. 31 Accounts Recevable 5.300 Service Revenue 5,300 7. Dec. 31 Salarles Expense 4860 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 for the amounts.) No. Date Account Titles and Explanation Debit Credi 1. Aug. 31 6. Jan. 5 > 7. Jan. 14 e Textbook and Media List of Accounts