Novak Company has the following balances in selected accounts on December 31, 2022. $0 Accounts Receivable Accumulated Depreciation Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 0 12,040 0 17,200 3,612 0 4,214 51,600 1. 2. 3. All the accounts have normal balances. The following information has been gathered at December 31, 2022. Novak Company borrowed $17.200 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 $1,548 are on hand. Depreciation on the equipment for 2022 is $1,720. Novak paid $3,612 for 12 months of Insurance coverage on June 1, 2022. On December 1, 2022, Novak collected $51,600 for consulting services to be performed evenly from December 1, 2022, through March 31, 2023 Novak performed consulting services for a client in December 2022. The client will be billed $7.224. Novak pays its employees total salaries of $15,480 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 4. 5. 6. 7. 2022 Debit Credit No. Account Titles and Explanation 1. 2 5. 6