Blue Ink, Inc has the following unadjusted account balances at year end December 31, 2017

Cash	430,000
Accounts Receivable	2,000
Prepaid Insurance	14,000
Prepaid Rent	22,000
Equipment	60,000
Accumulated Depreciation	---
Accounts Payable	10,000
Common Stock	16,000
Sales Revenue	823,100
Wages Expense	290,400
Utilities Expense	11,200
Insurance Expense	8,500
Rent Expense	11,000
Depreciation Expense	---

At Year-end Blue Ink, Inc. makes adjusting journal entries to properly record revenue and expenses. The following information applies to the adjusting journal entries.

a. The prepaid insurance balance relates to an insurance policy purchased on January 1, 2017, that covers the period of 1/1/17 - 12/31/17.

b. The prepaid rent balance relates to rent paid in June,, 2017 to cover period of 7/1/17 - 6/30/18.

c. Wages for 2017 in the amount of $26,000 will be paid after year-end and have not yet been recorded.

d. Blue Ink purchased equipment Jan 1, 2017and will depreciate the equipment on an annual basis. No depreciation has been recorded. The equipment has a useful life of 15 years, no residual value and will be depreciated on a straight-line basis.

Required: Provide the appropriate adjusting entries.