Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Used office supplies of $2,020. The Office Supplies unadjusted balance on December 31 is $11,900. Adjustment Type: Deferrals/Prepaids Supplies Expense Dec. 31 The unadjusted balance of Office Supplies at Dec. 31 is $7,200 and at year end the office supplies on hand totaled $3,030. Adjustment Type: Supplies Expense Office Supplies Office Supplies Depreciation for the current year includes Equipment, $3,200. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $5,300. Adjustment Type: Depreciation Expense - Equipment Accumulated Depreciation - Equipment Journalize the adjusting entry needed at December 31 for each situation. Use the Chart of Accounts t account names! Type here to search A two year insurance policy for $10,560 was purchased on November 1 of the current year Record the transaction for the year ended December 31. O Date W Accounts and Explanation Debit Credit