At the end of its first year, the trial balance of Sandhill Company shows Equipment $34,800 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,740. Prepare the annual adjusting entry for depreciation at December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit Dec 31 Post the adjustments to T-accounts. Depreciation Expense Accumulated Depreciation-- Equipment Indicate the balance sheet presentation of the equipment at December 31 Sandhill Company Balance Sheet (Partial) On July 1, 2022, Sheridan Co. pays $ 21,800 to Wind sor Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31. For Sheridan Cojournalize and post the entry on July 1 and the annual adjusting entry on December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit > Prepaid Insurance Insurance Expense On July 1, 2022, Wildhorse Co. pays $ 20,600 to Ayayai Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31 Journalize and post the entry on July 1 and the annual adjusting entry on December 31 for Ayayal Insurance Co. Ayayal uses the accounts Unearned Service Revenue and Service Revenue. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Unearned Service Revenue Service Revenue