Desoto Company must make three adjusting entries on December 31, 2019 a. Supplies used, $5,500 (supplies totaling $9,000 were purchased on December 1, 2019, and debited to the Supplies account) b. 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. c. Depreciation expense for equipment, $2,900. Required: Prepare the journal entries for these adjustments and post the entries to the general ledger accounts Complete this question by entering your answers in the tabs below. General Journal Ledger Post the entries to the general ledger accounts. Account No. 121 Credit Balance Account No. 131 Credit Balance Supplies Date Debit Dec 1, 2019 Dec 31, 2019 Prepaid Insurance Date Debit Dec 01, 2019 Dec 31, 2019 Accumulated Depreciation- Equipment Account No. 142 Depreciation Expense Equipment Account No. 517 General Journal Ledger Post the entries to the general ledger accounts. Account No. 121 Credit Balance Account No. 131 Credit Balance Supplies Date Debit Dec 1, 2019 Dec 31, 2019 Prepaid Insurance Date Debit Dec 01, 2019 Dec 31, 2019 Accumulated Depreciation Equipment Date Debit Dec 31, 2019 Account No. 142 Credit Balance Depreciation Expense Equipment Date Debit Dec 31, 2019 Account No. 517 Credit Balance Insurance Expense Date Debit Dec 31, 2019 Account No. 521 Credit Balance Supplies Expense Date Debit Dec 31, 2019 Account No. 523 Credit Balance