ACCT 201 Case Fall 2019 Page 7 Question 7: Using the following data, prepare the adjusting entries for the month ended December 31, 2019. a. Insurance in the amount of $700 expired during December. b. On December 1, the supplies account had a balance of $400; $2,800 of supplies were purchased during December. A physical count of supplies c. Depreciation on d. Employees are paid $5,000 every Friday for the five-day work week Monday - Friday. They were last paid on Friday, December 26. December 31 is a Wednesday. on December 31 indicated $1,100 on hand. equipment for December is $900