Exercise 5.5. Zavier Company must make three adjusting entries on December 31, 2016.

1. Supplies used, $11,000; (supplies totaling $18,000 were purchased on December 1, 2016, and debited to the Supplies account).
2. Expired insurance, $8,200; on December 1, 2016, the firm paid $49,200 for six months insurance coverage in advance and debited Prepaid Insurance for this amount.
3. Depreciation expense for equipment, $5,800.

Make the journal entries for these adjustments and post the entries to the general ledger accounts: Use paid 3 of the general journal for the adjusting entries. Use the following accounts and numbers.

Supplies 121

Prepaid Insurance 131

Accum. Depr. Equip. 142

Depreciation Exp. Equip. 517

Insurance Expense 521

Supplies Expense 523