Desoto Company must make three adjusting entries on December 31, 2019.

Supplies used, $5,500 (supplies totaling $9,000 were purchased on December 1, 2019, and debited to the Supplies account).

Expired insurance, $4,100; on December 1, 2019, the firm paid $24,600 for six months insurance coverage in advance and debited Prepaid Insurance for this amount.

Depreciation expense for equipment, $2,900.

Required: Prepare the journal entries for these adjustments and post the entries to the general ledger accounts