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

1. Supplies used, $9,800 (supplies totaling $15,600 were purchased on December 1, 2019, and debited to the Suppliesaccount).
2. Expired insurance, $7,000; on December 1, 2019, the firm paid $42,000 for six months insurance coverage in advance and debited Prepaid Insurance for this amount.
3. Depreciation expense for equipment, $4,600.

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

General Journal

Ledger