Descriptions of items that require adjusting entries on January 31, 2019, follow. a. Store supplies still available at fiscal year-end amount to $3,050. b. Expired insurance, an administrative expense, for the fiscal year is $1920 c. Depreciation expense on store equipment, a selling expense, is $6,500 for the fiscal year d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,560 of inventory is still available at fiscal year-end Ratios General Journal General Ledger Requirement Multiple Step IS Trial Balance Single Step Is Balance Sheet For transactions 1-4 prepare the required adjusting journal entries. For transactions 5-8, prepare the required closing entries. View transaction list Journal entry worksheet + 2 4 5 6 3 Store supplies still available at fiscal year end amount to $3,050