Journal entry

Depreciation on the company's equipment for the year is computed to be $18,000.

The Prepaid Insurance account had a $8,000 debit balance at December 31 before adjusting for the costs of any expired coverage

. An analysis of the companys insurance policies showed that $1,270 of unexpired insurance coverage remains.

The Supplies account had a $480 debit balance at the beginning of the year, and $2,680 of supplies were purchased during the year.

The December 31 physical count showed $566 of supplies available. Three-fourths of the work related to $13,000 of cash received in advance was performed this period.

The Prepaid Rent account had a $5,700 debit balance at December 31 before adjusting for the costs of expired prepaid rent. An analysis of the rental agreement showed that $4,430 of prepaid rent had expired.

Wage expenses of $2,000 have been incurred but are not paid as of December 31. Prepare adjusting journal entries for the year ended December 31 for each separate situation.