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Oriole 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
Oriole 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 2 3. 4. 5. $0 6. 0 7,000 0 All the accounts have normal balances. The information below has been gathered at December 31, 2022. Interest will be paid when the note is repaid. 11,000 4,080 0 2,900 31000 Oriole Company borrowed $9,000 by signing a 9%, one-year note on September 1, 2022 A count of supplies on December 31, 2022, indicates that supplies of $970 are on hand. Depreciation on the equipment for 2022 is $1,800. Oriole paid $4,080 for 12 months of insurance coverage on June 1, 2022. On December 1, 2022, Oriole collected $31.000 for consulting services to be performed evenly from December 1, 2022, through March 31, 2023. Oriole performed consulting services for a client in December 2022. The client will be billed $3,800. Oriole pays its employees total salaries of $5.500 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
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