E. Continued $22,000 for the TWO five day work week then ended. F. Wingnut had received a $19,600 cash advance on December 1 for services to be rendered over the four-month period beginning December 1, 2020 and ending March 28, 2021G. A LAM Took an inventory of supplies at December 31 claiming that $5300 were on handH. Depreciation on equipment For December 2020 was calculator to be $1520Required: prepare the appropriate adjusting entries

Wingnut Co. Selected account balances BEFORE adjustment for Wingnut Co. at December 31, 2020 (end of the current year) are shown below: Debits Credits Fees receivable Note receivable 500,000 Interest receivable Supplies 3,650 Prepaid Insurance 12,000 Equipment 125,600 Accumulated Depreciation - Equipment 30,400 Notes payable 600,000 Salaries payable Interest Payable Unearned fees 19,600 Unearned subscriptions revenue 8,250 Fees earned 990,000 Subscriptions revenue 750 Interest Income Salary expense 550,000 Interest Expense Insurance expense 10,500 Depreciation expense 16,720 Supplies expense 39,250 Information regarding December 2020 adjusting entries: a. Wing nut borrowed $600,000 @ 9% issuing a 120-day note payable dated December 16th, 2020 b. On June 1st Wingnut paid $24,000 for insurance coverage for the twelve month period commencing June 1st. HINT: Adjusting entries relative to this item have already been recorded for the months of June through November. C. On November 1st Wingnut accepted $9, 000 for annual subscriptions related to a monthly newsletter. HINT: An adjusting entrie relative to this item has already been recorded for the month of November. d. Wingnut accepted a 24%, $500,000, 45-day note receivable from LAMCO dated Dec. 21st, 2020. e. On Friday January 4, 2021 Wingnut employees were paid $22, 000