Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusteo balance and use a Bal. post reference to show the ending balance of each account. Employees earned $4,700 in salaries that will be paid next month. The Salaries Expense unadjusted balance as of December 31 is $7,800. Used prepaid insurance of $850. The Prepaid Insurance unadjusted balance as of December 31 is $9,300. Depreciation for the current year includes Equipment, $3,300. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $5,100. Adjustment Type: 4 Journalize the adjusting entry needed at December 31 for each situation. Use the Chart of Accounts to review account names