Larkspur Company has the following balances in selected accounts on December 31, 2022. Accounts Receivable Accumulated Depreciation Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 1. All the accounts have normal balances. The following information has been gathered at December 31, 2022. Larkspur Company borrowed $10,800 by signing a 12%, one-year note on September 1, 2022. Interest will be paid when the note is repaid. A count of supplies on December 31, 2022, indicates that supplies of $972 are on hand. Depreciation on the equipment for 2022 is $1,080. Larkspur paid $2,268 for 12 months of insurance coverage on June 1, 2022. On December 1, 2022, Larkspur collected $32,400 for consulting services to be performed evenly from December 1, 2022, through March 31, 2023. Larkspur performed consulting services for a client in December 2022. The client will be billed $4,536. Larkspur pays its employees total salaries of $9,720 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 2022. 2. 3. 4. 5. $0 0 7,560 0 6. 7. 10,800 2,268 0 2,646 32,400 Prepare adjusting entries for the seven items described above. Larkspur prepares adjustments annually. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. 1. 2. 3. 4. 5. 6. 7. Account Titles and Explanation Debit Credit