prepare adjusting entries and subsequent cash entries in two separate journals.

Blue Spruce Wolf Company has the following balances in selected accounts on December 31, 2024. Blue Spruce has a calendar year end. All the accounts have normal balances. The information below has been gathered at December 31,2024. 1. Blue Spruce Wolf Company borrowed $6,600 by signing a 4%, one-year note on September 1.2024, 2. A count of supplies on December 31. 2024. indicates that supplies of $880 are on hanid. 3. Depreciation on the equipment for 2024 is $1.130. 4. Blue Spruce Wolf Company paid $2,436 for 12 months of insurance coverage on June 1,2024. 5. On December 1,2024, Blue Spruce Wolf collected $36,600 for consulting services to be performed evenly from December 1. 2024 , through March 31, 2025. 6. Blue Spruce Wolf performed consulting services for a client in December 2024. The client will be billed $3.900. Payment from the customer is expected on Jantary 14,2025. 7. Blue Spruce Wolf Company pays its employees total salaries of $9.100 every Wednesday for the preceding five day week (Monday through Friday). Assume January 5 is a Wednesday. On Wednesday, January 5,2025 , employees were paid for the last five weekdays of 2024