Sandhill Co. has the following balances in selected accounts on December 31, 2017. Sandhill has a calendar year end. $ 0 7,100 0 Accounts Receivable Accumulated Depreciation Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries Payable Supplies Unearned Revenue 10,500 1,980 0 2,500 34,600 All the accounts have normal balances. The information below has been gathered at December 31, 2017. 1. Sandhill Co. borrowed $10,500 by signing a 4%, one-year note on September 1, 2017. 2. A count of supplies on December 31, 2017, indicates that supplies of $770 are on hand. 3. Depreciation on the equipment for 2017 is $990. 4. Sandhill Co. paid $1,980 for 12 months of insurance coverage on June 1, 2017. 5. On December 1, 2017, Sandhill collected $34,600 for consulting services to be performed evenly from December 1, 2017, through March 31, 2018. 6. Sandhill performed consulting services for a client in December 2017. The client will be billed $4,400. Payment from the customer is expected on January 15, 2018. 7. Sandhill Co. pays its employees total salaries of $8,500 every Wednesday for the preceding five-day week (Monday through Friday). On Wednesday, January 3, 2018, employees were paid for the last five weekdays of 2017. Prepare adjusting entries for the seven items described above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. Dec. 31 2. Dec. 31 3. Dec. 31 4. Dec. 31 5. Dec. 31 6. Dec. 31 7. Dec. 31 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare the appropriate subsequent cash entries. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. Aug. 31 6. 7