A. The Supplies account had a $220 debit balance on January 1, 20 times 3: $810 of supplies were purchased during the year: and a year-end inventory showed $490 of supplies on hand. b. The Prepaid insurance account had a $4,000 debit balance at the end of the accounting period before adjustment for expired insurance. An examination of insurance policies showed $3, 500 of insurance had expired. c. The Prepaid insurance account had a $2, 100 debit balance at the end of the accounting period before adjustment for expired insurance. An examination of insurance policies showed $370 of unexpired insurance. d. Depreciation on equipment was estimated at $5,000 for the accounting period. e. Six months' property taxes, estimated at $900, have accrued but are unrecorded and unpaid at the end of the accounting period. Prepare adjusting journal entries on December 31, 20 times 3, prior to the preparation of annual financial statements for the above independent situations. A. The Supplies account had a $220 debit balance on January 1, 20 times 3: $810 of supplies were purchased during the year: and a year-end inventory showed $490 of supplies on hand. b. The Prepaid insurance account had a $4,000 debit balance at the end of the accounting period before adjustment for expired insurance. An examination of insurance policies showed $3, 500 of insurance had expired. c. The Prepaid insurance account had a $2, 100 debit balance at the end of the accounting period before adjustment for expired insurance. An examination of insurance policies showed $370 of unexpired insurance. d. Depreciation on equipment was estimated at $5,000 for the accounting period. e. Six months' property taxes, estimated at $900, have accrued but are unrecorded and unpaid at the end of the accounting period. Prepare adjusting journal entries on December 31, 20 times 3, prior to the preparation of annual financial statements for the above independent situations