1. The Donald Corps general ledger included the following unadjusted account balances on November 30.

Salary expense $4,800, Prepaid insurance $0, Supplies $3,500, Cash $15,800, Insurance expense $24,000, Accounts payable $5,100, Dividends $2,700, Supplies expense $0. The company had paid $24,000 in November to insure the company for three months: November, December, and January. Determine the insurance expense amount the company should report on its December 31 income statement.

2. The Larry Corporation had the following T-account balances on December 31. Accounts payable $5,500 Accounts receivable $16,400 Cash $17,000 Common stock $19,500 Dividends $1,400 Fees revenue $15,000 Prepaid rent $1,500 Rent expense $3,000 Retained earnings $8,000 Salary expense $2,000 Supplies $3,500 Supplies expense $1,300 Determine the balance in the companys retained earnings account after the closing process is completed at the end of December.

3. The Mary Corporations general ledger included the following unadjusted account balances on November 30. Salary expense $8,600 Prepaid insurance $0 Supplies $8,200 Cash $12,300 Insurance expense $3,300 Accounts payable $5,200 Dividends $1,200 Supplies expense $0 The company used up $5,700 of supplies during November. Determine the companys supplies at November 30 after the proper adjustment.