a. Depreciation on the company's equipment for the year is computed to be $15,000. b. The Prepaid Insurance account had a $6,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $1,950 of unexpired insurance coverage remains. c. The Supplies account had a $420 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the year. The December 31 physical count showed $496 of supplies avallable. d. One-third of the work related to $15,000 of cash recelved in advance was performed this period. e. The Prepaid Rent account had a $5,700 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $3,750 of prepaid rent had expired. 1. Wage expenses of $3,000 have been incurted but are not paid as of December 31 . Prepare adjusting journal entries for the year ended December 31 for each separate situation. Journal entry worksheet 456 Depreciation on the company's equipment for the year is computed to be $15,000. Wote: Enter debits before credis