All of the transactions of Harding Trading Co. for the year have been journalized and posted. The following information has been gathered for the adjustment process as of December 31, 2018: A The Supplies account shows a balance of $980. A count of supplies revealed $310 on hand B. The $780 premium relating to a one-year insurance policy was paid on December 1, 2018 C. The company's equipment, which was purchased last year, depreciates at a rate of $600 per year. D.On September 30, 2018, a customer paid $10,500 in advance for services, as of December 31, 2018, services in the amount of $3,150 had been performed for this customer E. Employees are paid $2,800 on Fridays for the 5-day workweek, which ends on that Friday. However, December 31, 2018 falls on a Thursday F. The company has completed $540 of work for customers, the customers have not yet been billed and the related revenue has not been recorded Required: a. Prepare the required adjusting entries required at December 31, 2018 b. For each of the adjusting items, indicate the amount and the direction of effects of the adjusting journal entry on the elements of the balance sheet and income statement Complete the following table by entering the amount and the direction for increase - for decrease) or leave blank for no effect. Complete this question by entering your answers in the tabs below. Help Save & Exit Sub a. Prepare the required adjusting entries required at December 31, 2018 b. For each of the adjusting items, indicate the amount and the direction of effects of the adjusting journal entry on the elements of the balance sheet and income statement. Complete the following table by entering the amount and the direction (+ for increase - for decrease) or leave blank for no effect Complete this question by entering your answers in the tabs below. Required A Required B Prepare the required adjusting entries required at December 31, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Journal entry worksheet 2 3 4 5 6 Record adjusting entry given that the supplies account shows a balance of $980. A count of supplies revealed $310 on hand at December 31, 2018. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet 2 3 4 5 6 Record adjusting entry given that a one-year insurance policy was purchased for $780 on December 31, 2018. It was recorded as Prepaid Insurance at that time. Note: Enter debits before credits. Transaction General Journal Debit Credit ournal entry worksheet