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Required information [The following information applies to the questions displayed below.) At January 1 (beginning of its fiscal year), Conover, Inc., a financial services consulting

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Required information [The following information applies to the questions displayed below.) At January 1 (beginning of its fiscal year), Conover, Inc., a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share) $ Cash $ 1,980 Accounts payable 290 Short-term investments 490 Unearned revenue 1,400 Accounts receivable 3,650 Salaries Payable 950 Supplies 238 Short-term note payable 860 Prepaid expenses 4,800 Common stock ($1 par value) 130 Office equipment 1,610 Additional paid-in capital 6,640 Accumulated depreciation office equipment (480) Retained earnings 2,090 *This account has a credit balance representing the portion of the cost of the equipment used in the past. a. Received $9,580 cash for consulting services rendered b. Issued 26 additional shares of common stock at a market price of $160 per share. c. Purchased $720 of office equipment paying 30 percent in cash and owing the rest on a short-term note. d. Received $970 from clients for consulting services to be performed in the next year. e Bought $550 of supplies on account. Incurred and paid $1,880 in utilities for the current year. 9. Consulted for clients in the current year for fees totaling $1,700, due from clients in the next year. h. Received $3,060 from clients paying on their accounts. 1. Incurred $6,290 in salaries in the current year, paying $5,380 and owing the rest (to be paid next year), J. Purchased $1,310 In short-term investments and paid $880 for insurance coverage beginning in the next fiscal year k. Received $50 in interest revenue earned in the current year on short-term investments Required: 1. Prepare journal entries for each transaction for the current year (if no entry is required for a transaction/event, select "No Journal entry required" in the first account field. Enter your answers in thousands, not in dollars.) Journal entry worksheet

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