a. Wages of $8,000 are earned by workers but not pald as of December 31 . b. Depreciation on the company's equipment for the year is $18,000. c. The Supplies account had a $240 debit balance at the beginning of the year, During the year, $5,200 of supplies are purchased. A physical count of supples at December 31 shows $440 of supplies avellable. d. The Prepaid insurance account had a $4,000 balance at the beginning of the year. An analysis of insurance policies shows that $1,200 of unexpired insurance benefits remain at December 31 . e. The company has earned (but not recorded) $1,050 of interest revenue for the year onded December 31 . The interest payment will be recelved 10 days after the year-end on January 10. f. The company has a bank loan and has incurred (but not recorded) interest expense of $2,500 for the year ended Decomber 31. The company will pay the interest five days after the year-end on January 5. Cor each of the above separate cases, analyze each adjusting entry by showing its effects on the accounting equation-specifically, dentify the accounts and amounts (including (t) increase or () decrease) for each trarisaction or event. ters but not paid as of December 31 . ment for the year is $18,000. bit balance at the beginning of the year, During the year, $5,200 of supplies are es at December 31 shows $440 of supplies avallable. $4,000 balance at the beginning of the year. An analysis of insurance policies ance benefits remain ot December 31. forded) $1,050 of interest revenue for the year ended December 31 . The days after the year-end on January 10. Incurred (but not recorded) interest expense of $2,500 for the yeat ended he interest flve days ofter the year-end on January 5 . ch adjusting entry by showing its effects on the accounting equation-specifically, ficrease of () decrease) for each transaction or event