Sunland Company has the following balances in selected accounts on December 31, 2019. 0 8,000 Accounts Receivable Accumulated Depreciation-Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue 9,900 2,820 0 2,100 32,000 All the accounts have normal balances. The information below has been gathered at December 31, 2019. 1. Sunland Company borrowed $9,900 by signing a 12%, one-year note on September 1, 2019. 2. A count of supplies on December 31, 2019, indicates that supplies of $900 are on hand. 3. Depreciation on the equipment for 2019 is $2,100. 4. Sunland Company paid $2,820 for 12 months of insurance coverage on June 1, 2019. 5. On December 1, 2019, Sunland Company collected $32,000 for consulting services to be performed from December 1, 2019, through March 31, 2020. 6. Sunland Company performed consulting services for a client in December 2019. The client will be billed $3,800. 7. Sunland Company pays its employees total salaries of $9,500 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 2019. Prepare adjusting entries for the seven items described above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. Interest Expense Interest Payable 2. Supplies Expense Supplies 3. Depreciation Expense Accumulated Depreciation Equipment 4. Insurance Expense 1645 Prepaid Insurance 1645 5. Unearned Service Revenue Service Revenue 6. Accounts Receivable Service Revenue 7. Salaries and Wages Expense Salaries and Wages Payable