Exercise 3-7 Preparing adjusting entries LO P1, P3, P4 a. Wages of $7,000 are earned by workers but not paid as of December 31. b. Depreciation on the company's equipment for the year is $10,840. c. The Office Supplies account had a $460 debit balance at the beginning of December. During Dece are purchased. A physical count of supplies at December 31 shows $655 of supplies available. d. The Prepaid Insurance account had a $5,000 balance at the beginning of December. An analysis of $2,700 of unexpired insurance benefits remain at December 31. e. The company has earned (but not recorded) $800 of interest revenue for the year ended Decembe be received on 10 days after the year-end January 10. f. The company has a bank loan and has incurred (but not recorded) interest expense of $2,500 for th company will pay the interest five days after the year-end on January 5. For each of the above separate cases, prepare adjusting entries required of financial statements for th December 31. View transaction list Journal entry worksheet < 1 2 3 4 5 6 Wages of $7,000 are earned by workers but not paid as of December 31. Note: Enter debits before credits. Transaction General Journal Debit Credit >