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Desoto Company must make three adjusting entries on December 31, 2019. a. Supplies used, $10,500 (supplies totaling $17,000 were purchased on December 1, 2019, and

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Desoto Company must make three adjusting entries on December 31, 2019. a. Supplies used, $10,500 (supplies totaling $17,000 were purchased on December 1, 2019, and debited to the Supplies account). b. Expired insurance, $7700; on December 1, 2019, the firm paid $46,200 for six months' insurance coverage in advance and debited Prepaid Insurance for this amount c. Depreciation expense for equipment, $5,300 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 Prepare the journal entries for the above adjustments. View transaction list Journal entry worksheet 2 3 1 Journal entry worksheet 2 3 1 Prepare the adjusting entry for supplies. Note: Enter debits before credits. Credit Debit General Journal Date Dec 31, 2019 View general journal Clear entry Record entry

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