E3-3B. Adjusting Entries For each of the following unrelated situations, prepare the necessary adjusting entry in general journal form: a. Unrecorded depreciation on equipment is $900. b. The Supplies account has a balance of $3,000. Supplies on hand at the end of the period total $1,000. c. On the date for preparing financial statements, an estimated utilities expense of $400 has been incurred, but no utility bill has been received. On the first day of the current month, rent for four months was paid and recorded as a $2,800 debit to Prepaid Rent and a $2,800 credit to Cash. Monthly statements are now being prepared. Nine months ago, Macke Insurance Company sold a one-year policy to a customer and recorded the receipt of the premium by debiting Cash for $624 and crediting Unearned Premium Revenue for $624. No adjusting entries have been prepared during the nine-month period. Annual financial statements are now being prepared. At the end of the accounting period, employee wages of $600 have been incurred but not paid. At the end of the accounting period, $500 of interest has been earned but not yet received on notes receivable that are held