Consider the following situations for Galetown Welding Services Click the icon to view the situations) Joumalize the adjusting entry needed on December 31 for each shtuation. Use the letters to label the maleries Record biss the credited the planation on the lastne of the journal art att a. Depreciation for the current year Includes Equipment, $2,500 Date Accounts and Explanation (a) Dec 31 Debit Credit itua pl a. Depreciation for the current year includes equipment, $2,500. b. Each Monday, Galestown pays employees for the previous week's work. The amount of weekly payroll is $1,400 for a seven-day workweek (Monday to Sunday). This year, December 31 falls on Thursday c. The beginning balance of Office Supplies was $2,600. During the year, Galestown purchased office supplies for $3,400, and at December 31 the office supplies on hand totaled $1,400. d. Galestown prepaid a two full years' insurance on October 1 of the current year, $6,000. Record insurance expense for the year ended December 31. e. Galestown had earned $3,000 of unearned revenue. f. Galestown had incurred (but not recorded) $160 of interest expense on a note payable. The interest will not be paid until February 28, g. Galestown billed customers $8,000 for welding services performed