Devin Wolf Company has the following balances in selected accounts on December 31, 2020.
Accounts Receivable ...............................................$ –0–
Accumulated Depreciation—Equipment ................–0–
Equipment ................................................................7,000
Interest Payable .........................................................–0–
Notes Payable ........................................................10,000
Prepaid Insurance ...................................................2,100
Salaries and Wages Payable .....................................–0–
Supplies .....................................................................2,450
Unearned Service Revenue ...................................32,000
All the accounts have normal balances. The information below has been gathered at December 31, 2020.
1. Devin Wolf Company borrowed $10,000 by signing a 9%, one-year note on September 1, 2020.
2. A count of supplies on December 31, 2020, indicates that supplies of $900 are on hand.
3. Depreciation on the equipment for 2020 is $1,000.
4. Devin Wolf Company paid $2,100 for 12 months of insurance coverage on June 1, 2020.
5. On December 1, 2020, Devin Wolf collected $32,000 for consulting services to be performed from December 1, 2020, through March 31, 2021.
6. Devin Wolf performed consulting services for a client in December 2020. The client will be billed $4,200.
7. Devin Wolf 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 2020.

Instructions
Prepare adjusting entries for the seven items described above.