below tion necessary to prepare the 2018 year end adjusting entries appears a Depreciation on the equipment for t the year is $13,600 b. Employees' salaries are every December 24 through December 31, 2018, are $4,200 are paid every two weeks. The last pay period ended on December 23. Salaries earned from c. On July 1, 2018, be due on July 3, d. On April 1, 2018, the David's borrows $40,000, 12% interest, from a local bank and signs a note. The note plus interest win 2022. What is the adjusting entry for December 31, 2018? company purchases insurance for $15,000 for a one year policy The entire $15,000 was debited to Prepaid Insurance at the time of the purchase e. Supplies bought during the $ f. On December 30, Mike's re e period was $20,400. $3,000 of supplies remains on hand at December 31, 2018. eceives a utility bill of $1,900 for the month. The bill will not be paid until early January 2019 Required: Prepare the necessary adjusting entries on December 31, 2018. Date Account Credit Debit