Insurance Expense Prepare adjusting journal entries for adjustments 9 to 12. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Wages Payable Retained Earnings Dividends Declared Information for adjusting entries: 9. The balance in the Supplies account at the end of 2024 was $1,200. 10. Wages owed to employees at the end of 2024 were $3,720. 11. At the end of 2024 , the account balance in Prepaid Insurance was $1,500. 12. The equipment had an estimated useful life of eight years with a residual value of $3,000. Sales Revenue Cost of Goods Sold Supplies Expense Utilities Expense Enter the beginning balances from 2023, post the 2024 entries, and calculate the balance in each account. (Post entries in the order of journal entries presented in the previous part. If beginning balance is zero, enter 0 in the column for the normal balance for that account.) Equipment Accumulated Depreciation, Equipment 6. Accounts Payable Cash 7. Wages Expense Wages Payable Cash 8. Dividends Declared Cash Sandhill had the following account balances at December 31, 2023 : During 2024, the following transactions occurred: 1. Sales of paninis for cash were $691,000, and sales of paninis on account were $60,000. 2. Purchases of ingredients were $186,000, all on account. 3. Collections from customers for sales on account totalled $19,100. 4. The company paid $47,800 for utilities expenses. 5. Ingredients with a cost of $200,000 were used in paninis that were sold. 6. Payments for ingredients purchased on account totalled $234,000. 7. The company paid $101,000 for wages. 8. A dividend of $37,200 was declared and paid at the end of the year. No. Account Titles and Explanation Debit Credit 1. Cash Accounts Receivable 60000 Sales Revenue 2. Inventory Accounts Payable 3. Cash Accounts Receivable 4. Utilities Expense Cash 5. Cost of Goods Sold Inventory 6. Accounts Payable 234000 Sandhill had the following account balances at December 31, 2023: During 2024, the following transactions occurred: 1. Sales of paninis for cash were $691,000, and sales of paninis on account were $60,000. 2. Purchases of ingredients were $186,000, all on account. 3. Collections from customers for sales on account totalled $19,100. 4. The company paid $47,800 for utilities expenses. 5. Ingredients with a cost of $200,000 were used in paninis that were sold. 6. Payments for ingredients purchased on account totalled $234,000. 7. The company paid $101,000 for wages. 8. A dividend of $37,200 was declared and paid at the end of the year