Verne Cova Company has the following balances in selected accounts on December 31, 2017.

Accounts Receivable	$ 0
Accumulated DepreciationEquipment	0
Equipment	7,000
Interest Payable	0
Notes Payable	10,200
Prepaid Insurance	3,180
Salaries and Wages Payable	0
Supplies	2,700
Unearned Service Revenue	31,600

All the accounts have normal balances. The information below has been gathered at December 31, 2017.

1.	Verne Cova Company borrowed $10,200by signing a12%, one-year note on September 1, 2017.
2.	A count of supplies on December 31, 2017, indicates that supplies of $850are on hand.
3.	Depreciation on the equipment for 2017 is $1,300.
4.	Verne Cova Company paid $3,180for 12 months of insurance coverage on June 1, 2017.
5.	On December 1, 2017, Verne Cova collected $31,600for consulting services to be performed from December 1, 2017, through March 31, 2018. The company had performed 1/4 of the services by December 31.
6.	Verne Cova performed consulting services for a client in December 2017. The client will be billed $4,200.
7.	Verne Cova Company pays its employees total salaries of $5,500every 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 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.)

No.	Account Titles and Explanation	Debit	Credit
1.
2.
3.
4.
5.
6.
7.