Adjusting Entries - For each of the following unrelated situations, prepare the necessary adjusting entry in general journal form:

a. Unrecorded depreciation on equipment is $1850

b. The Supplies account has a balance of $4000. Supplies on hand at the end of the period total $2500.

c. On the date for preparing financial statements, an estimated utilities expense of $610 has been incurred, but no utility has been received.

d. On the first day of the current month, rent for four months was paid and recorded as a $2800 debit to Prepaid Rent and a $2800 credit to Cash. Monthly statements are now being prepared.

e. Nine months ago, Macke Insurance Company sold a one-year policy to a customer and recorded the receipt of the premium by debiting Cash for $624 and crediting Unearned Premium Revenue for $624. No adjusting entries have been prepared during the nine-month period. Annual financial statements are now being prepared.

f. At the end of the accounting period, employee wages of $635 have been incurred but not paid.

g. At the end of the accounting period, $725 of interest has been earned but not yet received on notes receivable that are held.

Which of the following statements best describes the fulldisclosure principle? Companies may use the cash-basis ofaccountingin the financial statements, as long as accrual-basisamounts are disclosed in the notes to the financial statements.Publicly traded companies should provide a balance sheet, incomestatement, statement of cash flows, and statement of owners'equity. Companies provide information that is of sufficientimportance to influence the judgment and decisions of an informeduser. To be recognized in the main body of financial statements, anitem should be measurable with sufficient certainty, and berelevant and reliable.