Sheridan Company has the following balances in selected accounts on December $31,2020.$

Accounts Receivable

Accumulated Depreciation$-$Equipment $11,000$

All the accounts have normal balances. The information below has been gathered at December $31,2020.$

Sheridan Company borrowed $$21,000$ by signing a $12\%,$ one$-$year note on August $1,2020.$

A count of supplies on December $31,2020,$ indicates that supplies of $$890$ are on hand

Depreciation on the equipment for $2020$ is $$2,200.$

Sheridan Company paid $$2,880$ for $12$ months of insurance coverage on May $1,2020.$

On November $1,2020,$ Sheridan collected $$50,000$ for consulting services to be performed from November $1,2020,$ through

March $31,2021$

Sheridan performed consulting services for a client in December $2020.$ The client will be billed $$6,100.$

Sheridan Company pays its employees total salaries of $$14,000$ 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 $2020.$

$($a$)$