Question 26 Hwang Ltd. has the following balances in selected accounts on December 31, 2017. Accounts Receivable Accumulated Depreciation-Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue NT$ 0 0 211,984 0 225,432 57,490 0 74,367 909,600 All the accounts have normal balances. The information below has been gathered at December 31, 2017 1. Hwang borrowed NT$238.125 by signing a 6%, 1-year note on October 1, 2017 2 A count of supplies on December 31, 2017, indicates that supplies of NT$29,040 are on hand. 3. Depreciation on the equipment for 2017 is NT$ 36,374 4. Hwang paid NT$57,490 for 12 months of insurance coverage on June 1, 2017 5. On December 1, 2017, Hwang collected NT$909,600 for consulting services to be performed from December 1, 2017, through March 31, 2018 Hwang performed consulting services for a client in December 2017. The dient will be billed NT$116,254 7 Hwang pays its employees total salaries of NT$298,860 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were for the week ending December 26. All employees worked the last 3 days of 2017 Prepare annual adjusting entries for the seven items described above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round intermediate calculations to 2 decimal places, e.g. 15.25 and final answers to decimal places, e.g. 1,225.) Debi Na Asco Titles and Explanation 1 5 7 red A Division of the Wey 509 Inc