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Checi 5 Desoto Company must make three adjusting entries on December 31, 2019. a. Supplies used, $5,500 (supplies totaling $9,000 were purchased on December 1,

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Checi 5 Desoto Company must make three adjusting entries on December 31, 2019. a. Supplies used, $5,500 (supplies totaling $9,000 were purchased on December 1, 2019, and debited to the Supplies account). b. Expired insurance, $4,100; on December 1, 2019, the firm paid $24,600 for six months' insurance coverage in advance and debited Prepaid Insurance for this amount. c. Depreciation expense for equipment, $2,900. w

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