a. Depreciation on the company's equipment for the year is computed to be $15,000. b. The Prepaid insurance account had a $5,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $1,700 of unexpired insurance coverage remains. c. The Supplies account had a $240 debit balance at the beginning of the year, and $2,680 of supplles were purchased during the year. The December 31 physical count showed $283 of supplies available. d. Three-fourths of the work related to $13,000 of cash received in advance was performed this period. e. The Prepaid Rent account had a $4,900 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $3,200 of prepaid rent had expired. f. Wage expenses of $5,000 have been incurred 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 5 6 Depreciation on the company's equipment for the year is computed to be $15,000. Note: Enter debits before credits. Journal entry worksheet 1 The Prepaid Insurance account had a $5,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $1,700 of unexpired insurance coverage remains. Note: Enter debits before credits. Journal entr worksheet The Supplies account had a $240 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the year. The December 31 physical count showed $283 of supplies available. Note: Enter debits before credits. Journal entry worksheet 1 Three-fourths of the work related to $13,000 of cash received in advance was performed this period. Note: Enter debits before credits. Journal entry worksheet 1 The Prepaid Rent account had a $4,900 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $3,200 of prepaid rent had expired. Note: Enter debits before credits. Journal entry worksheet Wage expenses of $5,000 have been incurred but are not paid as of December 31. Note: Enter debits before credits