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

Prepare the adjusting entry for supplies

Prepare the adjusting entry for insurance

Prepare the adjusting entry for depreciation