A review of the ledger of Crane Company at December 31, 2022, produces the following data pertaining to the preparation of annual adjusting entries.

1.		Prepaid Insurance $10,502. The company has separate insurance policies on its buildings and its motor vehicles. Policy B45 on the building was purchased on April 1, 2021, for $8,136. The policy has a term of 3 years. Policy A29 on the vehicles was purchased on January 1, 2022, for $4,400. This policy has a term of 2 years.
2.		Supplies $50,500. The company performs a count of supplies on December 31. This count revealed that $25,100 of supplies were on hand.
3.		Salaries and Wages Payable $0. There are 7 employees. Wages are paid every Friday for the current week. 4 employees receive a wage of $800 each per week, and 3 employees earn $550 each per week. Assume December 31 is a Tuesday. Employees do not work weekends. All employees worked the last 2 days of December.

Prepare the adjusting entries at December 31, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)