Journalize each of the four adjusting entries:

1) The beginning balance of supplies is $950. The ending balance of supplies is $150. Make the supplies adjustment.

2) At the beginning of the year, the balance in prepaid insurance is $900. The balance at the end of the year is $300.Make the adjustment for prepaid insurance.

3) At the beginning of the year you purchase equipment for $10,000. The depreciation rate is 12%. Make the adjustment for depreciation.

4) Unpaid wages at year-end are $5000. Make the adjustment for accrued wages.