Board and Brush in Sheboygan prepares the following adjusting entries: a. Depreciation on the company's equipment for the year is computed to be $18,000. b. The Prepaid Insurance account had a $5,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $720 of unexpired insurance coverage remains. c. The Supplies account had a $580 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the year. The December 31 physical count showed $684 of supplies available. d. Two-thirds of the work related to $12,000 of cash received in advance was performed this period. e. The Prepaid Rent account had a $5,200 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $4,480 of prepaid rent had expired. f. Wage expenses of $7,000 have been incurred but are not paid as of December 31 . Journal entry worksheet 6 Depreciation on the company's equipment for the year is computed to be $18,000. Note: Enter debits before credits. Journal entry worksheet 6 The Prepaid Insurance account had a $5,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $720 of unexpired insurance coverage remains. Note: Enter debits before credits. Journal entry worksheet The Supplies account had a $580 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the year. The December 31 physical count showed $684 of supplies available. Note: Enter debits before credits. Journal entry worksheet Two-thirds of the work related to $12,000 of cash received in advance was performed this period. Note: Enter debits before credits. Journal entry worksheet The Prepaid Rent account had a \$5,200 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $4,480 of prepaid rent had expired. Note: Enter debits before credits. Journal entry worksheet Wage expenses of $7,000 have been incurred but are not paid as of December 31. Note: Enter debits before credits