1. prepare subsequent cash e

1. prepare the adjusting entry for the seven items. 2. Prepare subsequent cash ent

ries

Problem 3-5A Wildhorse Co. has the following balances in selected accounts on December 31, 2017. Wildhorse has a calendar year end S 0 0 6.300 0 Accounts Receivable Accumulated Depreciation Equipment Equipment Interest Payable Notes Payable Prepaid insurance Salaries Payable Supplies Unearned Revenue 6,000 1,384 D 2.280 29,800 All the accounts have normal balances. The information below has been gathered at December 31, 2017 1 Wildhorse Co. borrowed 56,000 by signing a 4%, one-year note on September 1, 2017 2 A count of supplies on December 31, 2017 indicates that supplies of $920 are on hand. 3 Depreciation on the equipment for 2017 is 51.130. 4 Wildhorse Copaid 1894 for 12 months of insurance coverage on June 1, 2017 5 On December 1, 2017 Wildhorse collected $29.800 for consulting services to be performed evenly from December 1, 2017, through March 2013 6 Wildhorse performed consulting services for a client in December 2017. The client will be billed $4.900. Payment from the customer is expected on January 7 Wildhorse Co pays its employees total salaries of 59.900 every Wednesday for the preceding five-day week (Monday through Friday) On WednesdayJan paid for the last five weekdays of 2017