Date of Submission ADJUSTING ENTRIES AND POSTING TO T-ACCOUNTS (PART 1) Prepare the required adjusting journal entry for each situation as of December 31 of the current vear. See the last page for the unadjusted account balances shown in T-accounts. (a) Suppose Deana's had received a $1,800 shipment of supplies in September of the current year. When counting the supplies on December 31 of the current year, Deana's found only $800 worth of supplies on hand. Debit and credit the accounts affected. Dec. 3 Ensure the equation still balances and debits credits. Assets Stockholders' Equity Liabilities (b) Suppose Deana's had paid S12,000 for six months' rent on November 1 of the current year. As of December, 31 of the current year, two months' (November & December) prepaid rent has expired. Debit and credit the accounts affected. Dec. 31 credits. Ensure the equation still balances and debits- Stockholders' Equity Assets Liabilities (c) Suppose Deana's had paid $6,000 for one year's insurance on June 1 of the current year Debit and credit the accounts affected. Dec. 31 Ensure the equation still balances and debits= credits. Stockholders' Equity Assets Liabilities +