1. Depreciation on the company's equipment for the year is computed to be $14,000.
2. The Prepaid Insurance account had a $7,000 debit balance at December 31 before adjusting for the costs of any expired coverage. An analysis of the companys insurance policies showed that $790 of unexpired insurance coverage remains.
3. The Supplies account had a $210 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the year. The December 31 physical count showed $248 of supplies available.
4. One-fifth of the work related to $10,000 of cash received in advance was performed this period.
5. The Prepaid Rent account had a $5,600 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $4,810 of prepaid rent had expired.
6. Wage expenses of $4,000 have been incurred but are not paid as of December 31.

Prepare adjusting journal entries for the year ended December 31 for each separate situation.

No	Transaction	General Journal	Debit	Credit
1	a.	Depreciation expenseEquipment	14,000
		Accumulated depreciationEquipment		14,000
2	b.	Insurance expense