Employees earned $2,300 in salaries that will be paid next month. Date Accounts and Explanation Debit Credit Dec. 31 I \ The unadjusted balance of Office Supplies at Dec. 31 is $4,800 and at year end the office supplies on hand totaled $1,400. Date Accounts and Explanation Debit Credit Dec. 31 Supplies expense 3400 office supplies 3400 A two year insurance policy for $2,640 was purchased on November 1 of the current year. Record the transaction for the year ended December 31 Date Accounts and Explanation Debit Credit Dec. 31