Question $1$ of $2$

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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.

Ivanhoe Company borrowed $$10,100$ by signing a $9\%,$ one$-$year note on September $1,2022.$

A count of supplies on December $31,2022,$ indicates that supplies of $$890$ are on hand.

Depreciation on the equipment for $2022$ is $$1,400.$

Ivanhoe paid $$3,480$ for $12$ months of insurance coverage on June $1,2022.$

On December $1,2022,$ Ivanhoe collected $$31,000$ for consulting services to be performed evenly from December $1,2022,$ through March $31,2023.$

Ivanhoe performed consulting services for a client in December $2022.$ The client will be billed $$4,000.$

Ivanhoe pays its employees total salaries of $$5,400$ 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 $2022.$

Prepare adjusting entries for the seven items described above. Devin Wolf prepares adjustments annually. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.$)$