adjusting entries LO P$1,$ P$2,$ P$3$ a$.$ Depreciation on the company's equipment for the year is computed to be $$18\mathrm{.}000,$ b$.$ The Prepaid Insurance account had a $$6\mathrm{.}000$ debit balance at December $31$ before adjusting for the costs of any expired coverage. An analysis of the company's Insurance policies showed that $$1\mathrm{.}100$ of unexpired insurance coverage remains. c$.$ The Supplies account had a $$700$ debit balance at the beginning of the year, and $$3,480$ of supplies were purchased during the year. The December $31$ physical count showed $$300$ of supplies available d$.$ Two$-$thirds of the work related to $$15\mathrm{.}000$ of cash received in advance was performed this period e$.$ The Prepaid Rent account had a $$6,800$ debit balance at December $31$ before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $$5\mathrm{.}800$ of prepaid rent had expired $1.$ Wage expenses of $$3,200$ have been incurred but are not pald as of December $31$ Prepare adjusting journal entries for the year ended December $31$ for each separate situation View transaction list Journal entry worksheet $<23456$ The Prepaid Rent account had a $$6,800$ debit balance at December $31$ before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $55,800$ of prepaid rent had expired.The Prepaid Rent account had a $$6,800$ debit balance at December $31$ before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $$5,800$ of prepaid rent had expired. Notel Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal