Journal entry worksheet 567 Record the entry for insurance expense if, on July 1, 2021, a two-year insurance premium on equipment in the amount of $384 was paid and debited in full to Prepaid Insurance on that date. Coverage began on July 1. Note: Enter debits before credits. Journal entry worksheet 7 Record the entry for supplies expense if, at the end of 2021, the unadjusted balance in the Supplies account was $1,000. A physical count of supplies on December 31,2021 , indicated supplies costing $210 were still on hand. Note: Enter debits before credits. Journal entry worksheet Record the entry for repairs if, on December 31, 2021, YY's Garage completed repairs on one of Brokeback's trucks at a cost of $710. The amount is not yet recorded. It will be paid during January 2022. Note: Enter debits before credits. Journal entry worksheet 2 Record the entry for the contract completed by the company on December 31 for an out-of-state company for $7,500 payable by the customer within 30 days. No cash has been collected and no journal entry has been made for this transaction. Note: Enter debits before credits. Journal entry worksheet Record the entry for depreciation for a hauling van purchased by the company on July 2021. Depreciation for July-December 2021, estimated to total $2,300, has not been recorded. Note: Enter debits before credits. Journal entry worksheet 2 Record the entry for $410 interest owed by the company as of December 31 , on a bank loan taken out on October 1,2021 . The interest will be paid when the loan is repaid on September 30,2022 . No interest has been recorded yet. Note: Enter debits before credits. Journal entry worksheet 5 Record the entry for income tax expense, the income after the preceding adjustments but before income taxes was $21,000. The company's federal income tax rate is 25%. Note: Enter debits before credits