Miles Sanders is the Controller for Eagles Repair, Inc (ERI). Sanders has asked you to prepare the year-end adjusting journal entries for ERI, as needed, for the following items. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

1. The Supplies account shows a balance of $530, but a count of supplies reveals only $200 on hand at year-end.
2. The company initially records the payments of all insurance premiums as prepaid insurance. The unadjusted trial balance at year-end shows a balance of $550 in Prepaid Insurance. A review of insurance policies reveals that $130 of insurance is unexpired.
3. Employees work Monday through Friday, and salaries of $2,600 per week are paid each Friday. The company's year-end falls on Tuesday.
4. At year-end, the company received a utility bill for December's electricity usage of $210 that will be paid in early January.

Sard Miles Sanders is the Controller for Eagles Repait, Inc (ER). Sanders has asked you to prepare the year-end adjusting Journal entries for ERI, as needed for the following items. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. The Supplies account shows a balance of $530, but a count of supplies reveals only $200 on hand at year-end. b. The company initially records the payments of all insurance premiums as prepaid insurance. The unadjusted trial balance at year end shows a balance of $550 in Prepaid Insurance. A review of insurance policies reveals that $130 of insurance is unexpired. c. Employees work Monday through Friday, and salaries of $2,600 per week are paid each Friday. The company's year-end falls on d. At year end, the company received a utility bill for December's electricity usage of $210 that will be paid in early January 3:43 View transaction at Journal entry worksheet 3 4 1 The Supplies account shows a balance of $530, but a count of supplies reveals only $200 on hand at year-end. Not: Enter debit before credits Transaction General Journal Debit Credit Racord entry Clear entry View general Journal