Wild horse Co. has the following balances in selected accounts on December 31, 2017. Wild horse has a calendar year end.

Accounts Receivable $0

Accumulated Depreciation?Equipment 0

Equipment 8,100

Interest Payable 0

Notes Payable 12,300

Prepaid Insurance 2,436

Salaries Payable 0

Supplies 2,480

Unearned Revenue 29,400

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

1.Wildhorse Co. borrowed $12,300 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 $1,130.

4.Wildhorse Co. paid $2,436 for 12 months of insurance coverage on June 1, 2017.

5.On December 1, 2017, Wild horse collected $29,400 for consulting services to be performed evenly from December 1, 2017, through March 31, 2018.

6.Wildhorse performed consulting services for a client in December 2017. The client will be billed $3,000. Payment from the customer is expected on January 15, 2018.

7.Wildhorse Co. pays its employees total salaries of $8,900 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.

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