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(9 points) On January 1, 2023, office supplics in the Hayles Hardware Company office manager's supply. cabinet were reported to be $9,000. During 2023, Hayles

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(9 points) On January 1, 2023, office supplics in the Hayles Hardware Company office manager's supply. cabinet were reported to be $9,000. During 2023, Hayles Hardware Co. purchased $15,000 of additional office supplies. These purchases were debited to the company's "supplies" accounl. On December 31,2023 , a physical count of the office supplies cabinet indicated that $12,600 of supplies were present. For the December 31,2023 year-end adjusting entry, by how much should Hayles Hardware Co. debit "supplies expense?" $ On January 1, 2023, Driscoll, Inc.'s "Prepaid Insurance, Type A" (i.e., insurance paid for and currently in force for the company) had a balance of $3,000. During 2023, $5,000 of additional Type A insurance was purchased and debited to "Insurance Expense-Type A." At December 31, 2023 , the amount of insurance paid for and currently in force equaled $4,200. For the December 31,2023 adjusting entry, by how much should "Prepaid Insurance, Type A " be debited? (Type A insurance is a special fire insurance policy for Driscoll, Inc.) 3005000prep0;5000x In the same December 31,2023 period-end adjusting entry, by how much should "Insurance Expense-Type A" be credited? 800

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