METLOCK COMPANY HAS THE FOLLOWING BALANCES IN SELECTED ACCOUNTS ON DECEMBER 31, 2022

ACCOUNTS RECEIVABLE $0

ACCUMULATED DEPRECIATION - EQUIPMENT 0

EQUIPMENT $7840

INTEREST PAYABLE 0

NOTES PAYABLE 0

PREPAID INSURANCE $2352

SALARIES AND WAGES PAYABLE 0

SUPPLIES $2744

UNEARNED SERVICE REVENUE $33600

ALL THE ACCOUNTS HAVE NORMAL BALANCES. THE FOLLOWING INFORMATION HAS BEEN GATHERED AT DECEMBER 31, 2022.

1. METLOCK CO. BORROWED $11200 BY SIGNING A 12%, 1-YEAR NOTES ON SEPTEMBER 1, 2022. INTEREST WILL BE PAID WHEN THE NOTE IS REPAID

2. A COUNT OF SUPPLIES ON DECEMBER 31, 2022, INDICATES THAT SUPPLIES OF $1008 ARE ON HAND

3. DEPRECIATION ON THE EQUIPMENT FOR 2022 IS $1120

4. METLOCK PAID $2352 FOR 12 MONTHS OF INSURANCE COVERAGE ON JUNE 1, 2022

5. ON DECEMBER 1, 2022, METLOCK COLLECTED $33,600 FOR CONSULTING SERVICES TO BE PERFORMED EVENLY FROM DECEMBER 1, 2022, THROUGH MARCH 31, 2023

6. METLOCK PERFORMED CONSULTING SERVICES FOR A CLIENT IN DECEMBER 2022. THE CLIENT WILL BE BILLED $4704

7. METLOCK PAYS ITS EMPLOYESS TOTAL SALRIES OF $10080 EVERY MONDAY FOR THE PRECEDING 5-DAY WEEK (MONDAY-FRIDAY). ON MONDAYL, DECEMBER 29, EMPLOYEES WERE PAID FOR THE WEEK ENDING DECEMBER 26. ALL EMPLOYEES WORKED THE LAST 3 DAYS OF 2022.

Journalize adjusting entries for the seven items described above. Metlock prepares adjustments manually.