Consider the following situations for Peryville Welding Services (Click the icon to view the situations) Jounalze the adjusting entry needed on December 31 tfor each stuation. Use the letters to label the journal entries (Record debits first, then credits Select the explanation on the last ine of the journal ent a. Depreciation for the current year includes Equipment, $2,400 Debit Credit Accounts and Explanation Date (a) Dec 31 a. Depreciation for the current year includes equipment, $2,400. b. Each Monday, Perryville pays employees for the previous week's work The amount of weekly payroll is $2,800 for a seven-day workweek (Monday to Sunday). This year, December 31 falls on Thursday c. The beginning balance of Office Supplies was $2,200. During the year Perryville purchased office supplies for $3,100, and at December 31 the office supplies on hand totaled $1,600. d. Perryville prepaid a two full years' insurance on October 1 of the current year, $5,760. Record insurance expense for the year ended December 31. e. Perryville had earned $3,500 of unearned revenue. f. Perryville had incurred (but not recorded) $200 of interest expense on a note payable. The interest will not be paid until February 28 g. Perryville billed customers $6,000 for welding services performed. Corficte (ashongh (9)