Analyzing Adjusting Journal Entries-Prepaid Asset and Deferred Revenue Voss Inc., an accounting firm, adjusts and closes its accounts each December 31. Below are two situations requiring adjusting entries. 1. During the current year, supplies were purchased for $1,125 cash. The inventory of supplies at the prior year-end was $225. At the current year-end, inventory remaining was $360. Prepare the adjusting entry required for each of the following separate cases. a. Case A-the $1,125 was debited to Supplies Expense. What is the balance of Supplies at year-end? General Journal Ref. Account Name Dr. Case . 0 0 Case A: Balance of Supplies at year-end: $0 Case B-the $1,125 was debited to Supplies. What is the balance of Supplies at year-end? General Journal Ref. Account Name Dr. Case 0 0 Case B: Balance of Supplies at year-end: $0 separate cases 2. On September 1, the company collected $12,600 cash, which is for services to be preformed over the next 12 months. Prepare the adjusting entry required for each of the following a. Case A- the $12,600 was credited to Service Revenue. What is the balance of Deferred Service Revenue at year-end? General Journal Account Name Ref. Case A Dr. Cr. 0 Case A: Balance of Deferred Service Revenue at year-end: b. Case B-the $12,000 was credited to Deferred Service Revenue. What is the balance of Deferred Service Revenue at your end? General Journal Ret Case B Account Name Dr. Case: Balance of Deferred Service Revenue at year-end: $0 Check