(a) Your answer is correct. Assuming that the books have not been closed, what are the adjusting entries necessary at December 31, 2018 (Ignore income tax considerations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts.) No. Account Titles and Explanation 1. Supplies Expense Debit Credit 1500 Supplies 1500 2. Salaries and Wages Expense 3000 Salaries and Wages Payable 3000 3. Interest Revenue 1100 Interest Receivable 1100 4. Insurance Expense 14900 Prepaid Insurance 14900 5. Rent Revenue 12950 12950 Unearned Rent Revenue 6 Depreciation Expense 44100 Accumulated Depreciation-Equipment 44100 7.Retained Earnings 7400 Accumulated Depreciation Equipment 7400 (b) Assuming that the books have been closed, what are the adjusting entries necessary at December 31, 2018? (Ignore income tax considerations.) (Credit account titles are automatically indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Account Titles and Explanation Debit Credit 2. 3. 4. 5. 6. 7. Attempts: 0 of 3 used SAVE FOR LATERSUBMIT