View Policies Current Attempt in Progress Wildhorse Company has the following balances in selected accounts on December 31, 2022 Accounts Receivable $0 Accumulated Depreciation-Equipment 0 Equipment 8,000 Interest Payable 0 Notes Payable 10,000 2,040 Prepaid Insurance Salaries and Wages Payable 0 2,700 Supplies Unearned Service Revenue 32,000 All the accounts have normal balances. The information below has been gathered at December 31, 2022. Interest will be paid when the note is repaid. 1. Wildhorse Company borrowed $ 10,800 by signing a 9%, one-year note on September 1, 2022. 2. A count of supplies on December 31, 2022, indicates that supplies of $ 820 are on hand. Depreciation on the equipment for 2022 is $ 1,900. 3. 4. 5. Wildhorse paid $ 2,040 for 12 months of insurance coverage on June 1, 2022. On December 1, 2022, Wildhorse collected $ 32,000 for consulting services to be performed evenly from December 1, 2022, through March 31, 2023. 6. Wildhorse performed consulting services for a client in December 2022. The client will be billed $4,100. 7. Wildhorse pays its employees total salaries of $5,200 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 2022. Prepare adjusting entries for the seven items described above. Devin Wolf prepares adjustments annually. (List all debit entries before credit entries. 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. e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit