ADJUSTING ENTRIES AND POSTING TO T-ACCOUNTS Prepare the required adjusting journal entry for each situation as of December 31 of the current year. See the last page for the sonadjusted accosmt balances shown in T-accounts. (a) Suppose Deana's had received a $1,800 shipment of supplies in September of the current year. When counting the supplies on December 31 of the current year, Deana's found only $800 worth of supplies on hand. Debit and credit the accounts affected Dec. 31 1,000 ,000 Ensure the equation still balances and debits- credits Liabilities Assets Stockholders' Equity b) Suppose Deana's had paid $12,00 for six monhs' rent on November I of the current year. As of Noveniber lof the curent yeart As of December, 31 of the current year, two months' (November&December) prepaid rent has expired. Debit and credit the accounts affected Dec. 31 Ensure the equation still balances and debits credits Liabilities Assets Stockholders' Equity 1,000 (e) Suppose Deana's had paid $6,000 for one year's insurance on June I of the current year. Debit and credit the accounts affected 500 3,500 Ensure the equation still balances and debits credits. Assets Stockholders' Equity tepoid 3500 rave 3,500 bp (ie) CA)