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

(1) Pina Colada 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 $1,700.
(4) Pina Colada Corp. paid $3,660 for 12 months of insurance coverage on June 1, 2019.
(5) On December 1, 2019, Pina Colada Corp. collected $34,800 for consulting services to be performed from December 1, 2019, through March 31, 2020. .
(6) Pina Colada performed consulting services for a client in December 2019. The client will be billed $4,200.
(7) Pina Colada 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 2019.

Prepare adjusting entries for the seven items described above.

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation: