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Prepare annual adjusting entries for the seven items described above. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually.

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Prepare annual adjusting entries for the seven items described above. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. Round intermediate calaulations to 2 decimal places, es. 15.25 and finat answers to 0 decimal places, es? 1,225) All the accounts have normal balances. The information below has been gathered at December 31,2020. 1. Hwang borrowed NT $9.700 by signing a 9%, one-year note on September 1, 2020 . 2. A count of supplies on December 31,2020 , indicates that supplies of NT 5900 are on hand. 3. Depreciation on the equipment for 2020 is NT $1,300. 4. Hwang paid NT\$3,000 for 12 months of insurance coverage on June 1,2020. 5. On December 1,2020, Hwang collected NT\$29.000 for consulting services to be performed from December 1,2020, through March 31, 2021. 6. Hwang performed consulting services for a client in December 2020. The client will be billed NT\$4,000. 7. Hwang pays its employees total saiaries of NT55,600 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 2020. Hwang Ltd. has the following balances in selected accounts on December 31, 2020

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