Dan Luther Company has the following balances in selected accounts on December 31, 2014.
Accounts Receivable .................. $ –0–
Accumulated Depreciation—Equipment .......... –0–
Equipment ....................... 7,000
Interest Payable ..................... –0–
Notes Payable ....................... 8,000
Prepaid Insurance ..................... 2,100
Salaries and Wages Payable ................. –0–
Supplies ........................ 2,450
Unearned Service Revenue ............... 30,000
All the accounts have normal balances. The information below has been gathered at December 31, 2014.
1. Dan Luther Company borrowed $8,000 by signing a 10%, one-year note on October 1, 2014.
2. A count of supplies on December 31, 2014, indicates that supplies of $780 are on hand.
3. Depreciation on the equipment for 2014 is $1,000.
4. Dan Luther Company paid $2,100 for 12 months of insurance coverage on June 1, 2014.
5. On December 1, 2014, Dan Luther collected $30,000 for consulting services to be performed from December 1, 2014, through March 31, 2015.
6. Dan Luther performed consulting services for a client in December 2014. The client will be billed $3,900.
7. Dan Luther 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 2014.

Instructions
Prepare adjusting entries for the seven items described on page 140 and above.