Whispering Winds Corp. has the following balances in selected accounts on December 31. 2019.

Accounts Receivable $ 0
Accumulated Depreciation-Equipment
Equipment 7,000
Interest Payable Notes Payable 10,100
Prepaid Insurance 2,700
Salaries and Wages Payable 0
Supplies 2500
Unearned Service Revenue 31,200

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

1. Whispering winds 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 $1,300.
4. Whispering Winds Corp. paid $2,700 for 12 months of insurance coverage on June 1, 2019.
5. On December 1, 2019, Whispering Winds Corp. collected $31,200 for consulting services to be performed from December 1, 2019, through March 31, 2020.
6. Whispering Winds Corp. performed consulting services for a client in December 2019. The client will be billed $3,700.
7. Whispering Winds Company pays salaries of $10,320 every Monday for the preceding 5-day week (Monday through Friday). Assume December 31 falls on a Tuesday, so Whispering Winds employees have worked 2 days without being paid at the end of the fiscal year.

Give Dr. salaries and wages expense and Cr. salaries and wages payable.

Depreciation on the company's equipment for 2017 is computed to be $18,000.the prepaid insurance account had a $6,000 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains. the office supplies account had a $700 debit balance on december 31, 2016; and $3,480 of office supplies were purchased during the year. the december 31, 2017, physical count showed $300 of supplies available. two-thirds of the work related to $15,000 of cash received in advance was performed this period. the prepaid insurance account had a $6,800 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of insurance policies showed that $5,800 of coverage had expired. wage expenses of $3,200 have been incurred but are not paid as of december 31, 2017.

On analyzing her company’s goods transport route, simone found that they could reduce transport costs by a quarter if they merged different transport routes. what role (job) does simone play at her company? simone is at her company.

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?