Exercise 5,5 Objective 5-5 Journalizing and posting adjustments. Desoto Company must make three adjusting entries on December 31, 2019. a. Supplies used, S5,500 (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. Make the journal entries for these adjustments and post the entries to the general ledger accounts: Lise page 3 of the general journal for the adjusting entries. Use the following accounts and numbers. Supplies Prepaid Insurance Accum. Depr.--Equip Depreciation Exp. ---Equip. Insurance Expense Supplies Expense 121 131 142 517 521 523