Ches Exercise 3-4 Preparing adjusting entries LO P1 a. Wages of $6,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $10,480 c. The Omice Supplies account had a $380 debit balance at the beginning of December. During December, $5,816 of office supplies are purchased. A physical count of supplies at December 31 shows $632 of supplies available. d. The Prepaid Insurance account had a $5,000 balance at the beginning of December. An analysis of insurance policies shows that $3100 of unexpired insurance benefits remain at December 31 e. The company has earned (but not recorded) $600 of interest from investments in CDs for the year ended December 31. The interest revenue will be received ten days after the year end on January 10 1. The company has a bank loan and has incurred but not recorded) interest expense of $4,500 for the year ended December 31. The company will pay the interest five days after the year-end on January 5. For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended (date on December 31 View transaction list View journal entry worksheet NO Transaction General Journal Debit Credit Wages expense Wages payable