Consider the following situations for Commodores Welding Services: a. Depreciation on the equipment for the current year is $2,400. b. Each Monday, Commodores Welding Services pays employees for the previous week's work. The amount of weekly payroll is $5,600 for a seven-day workweek (Monday to Sunday). This year, December 31 falls on Thursday. c. The beginning balance of Supplies was $2,500. During the year, Commodores Welding Services purchased supplies for $3,000, and at December 31 the supplies on hand totaled $1,700. d. Commodores Welding Services prepaid a two full years' insurance on August 1 of the current year, $5,280. Record insurance expense for the year ended December 31. e. Commodores Welding Services had earned $3,200 of unearned revenue. f. Commodores Welding Services had incurred (but not recorded) $150 of interest expense on a note payable. The interest will not be paid until February 28. g. Commodqres Welding Services billed customers $6,000 for welding services performed. Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the iournal entries