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X C Chege Search x + index.html?launchild=6791177c-52eb-4620-240c-a6e35b31022e#/question/5 -/25 E Question 6 of 6 View Policies Current Attempt in Progress Ivanhoe Company has the following balances
X C Chege Search x + index.html?launchild=6791177c-52eb-4620-240c-a6e35b31022e#/question/5 -/25 E Question 6 of 6 View Policies Current Attempt in Progress Ivanhoe Company has the following balances in selected accounts on December 31, 2022. Accounts Receivable $0 Accumulated Depreciation-Equipment 0 Equipment 8,000 Interest Payable O Notes Payable 10,000 Prepaid Insurance 4.200 0 Salaries and Wages Payable DS Supplies 2,600 Unearned Service Revenue 28,000 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. Ivanhoe 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 $920 are on hand. . 3. Depreciation on the equipment for 2022 is $1,400. 4. Ivanhoe paid $4,200 for 12 months of insurance coverage on June 1.2022 5. On December 1, 2022, Ivanhoe collected $28,000 for consulting services to be performed evenly from December 1, 2022, through March 31, 2023. 6. Ivanhoe performed consulting services for a client in December 2022. The client will be billed $3.900. Ivanhoe pays its emplovees total salaries of $5.500 every Monday for the preceding 5 day week (Monday through Friday). On EPIC A 9 9 Player Ul Appl x Chegg Search ment-player/index.htmlMaunchid=6791777c-52eb-462d-40c-a6e35b31022e/question/S Question 6 of 6
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