ounts Receivable $ 0 Accumulated Depreciation—Equipment 0 Equipment 6,974 Interest Payable 0 Notes Payable 9,975 Prepaid Insurance 2,160 Salaries and Wages Payable 0 Supplies 2,292 Unearned Service Revenue 39,550 All the accounts have normal balances. The information below has been gathered at December 31, 2012. 1. Garrett Wolfe Company borrowed $9,975 by signing a 12%, one-year note on September 1, 2012. 2. A count of supplies on December 31, 2012, indicates that supplies of $834 are on hand. 3. Depreciation on the equipment for 2012 is $1,397. 4. Garrett Wolfe Company paid $2,160 for 12 months of insurance coverage on June 1, 2012. 5. On December 1, 2012, Garrett Wolfe collected $30,800 for consulting services to be performed from December 1, 2012, through March 31, 2013. 6. Garrett Wolfe performed consulting services for a client in December 2012. The client will be billed $4,441. 7. Garrett Wolfe Company pays its employees total salaries of $5,580 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 2012. Prepare adjusting entries for the seven items described above.