1. Prepare the necessary adjusting journal entries for items a through h. Assume that adjusting entries are made only at year-end. View transaction list View journal entry worksheet No Transaction General Journal 1 a. Insurance expense Prepaid insurance 2 b. Teaching supplies expense Teaching supplies Debit Credit 2,807 2,807 8,393 8,393 3 C. Accumulated depreciation-Equipment Depreciation expense-Equipment 11,227 11,227 4 d. Accumulated depreciation-Professional library 5,614 Depreciation expense-Professional library 5,614 5 e. Unearned training fees Training fees earned 12,500 12,500 6 f. Accounts receivable Tuition fees earned 7,548 7,548 7 g. Salaries expense Salaries payable 400 400 8 h. Rent expense Prepaid rent 2,166 2,166