Business, 26.02.2020 02:49 samanthabutryn

All the accounts have normal balances. The information below has been gathered at December 31, 2019.

(1) Pina Colada Corp. borrowed $10,100 by signing a 12%, one-year note on September 1, 2019.
(2) A count of supplies on December 31, 2019, indicates that supplies of $960 are on hand.
(3) Depreciation on the equipment for 2019 is $1,700.
(4) Pina Colada Corp. paid $3,660 for 12 months of insurance coverage on June 1, 2019.
(5) On December 1, 2019, Pina Colada Corp. collected $34,800 for consulting services to be performed from December 1, 2019, through March 31, 2020. .
(6) Pina Colada performed consulting services for a client in December 2019. The client will be billed $4,200.
(7) Pina Colada Company pays its employees total salaries of $9,000 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 2019.

Prepare adjusting entries for the seven items described above.

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All the accounts have normal balances. The information below has been gathered at December 31, 2019....

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