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please advise if my general journal entries are correct, and if my ledger looks correct, if not please show corrections, thanks! Desoto Company must make
please advise if my general journal entries are correct, and if my ledger looks correct, if not please show corrections, thanks! Desoto Company must make three adjusting entries on December 31, 2019. a. Supplies used, $9,400 (supplies totaling $14,800 were purchased on December 1, 2019, and debited to the Supplies account) b. Expired insurance, $6,600; on December 1, 2019, the firm paid $39,600 for six months' insurance coverage in advance and debited Prepaid Insurance for this amount. c Depreciation expense for equipment. $4,200. Required: Prepare the journal entries for these adjustments and post the entries to the general ledger accounts Complete this question by entering your answers in the tabs below. General Journal Ledger Prepare the journal entries for the above adjustments. General Journal Ledger Prepare the journal entries for the above adjustments. View transaction list View journal entry worksheet No heneral Journal Debit Credit Date Dec 31, 2019 9,400 Supplies expense Supplies 9,400 2 Dec 31, 2019 6,600 Insurance expense Prepaid insurance 6,600 3 Dec 31, 2019 4,200 Depreciation expense-equipment Accumulated depreciation-equipment 4.200 Ledger > General Journal Ledger Post the entries to the general ledger accounts. Supplies Date Debit Dec 1, 2019 14,800 Dec 31, 2019 1 Account No. 121 Credit Balance 14.800 9 ,400 5.400 Prepaid Insurance Date Debit Dec 01, 2019 39,600 Dec 31, 2019 Account No. 131 Credit Balance 39.600 6,600 33,000 Accumulated Depreciation- Equipment Date Debit Dec 31, 2019 Account No. 142 Credit Balance 4.200 4,200 Depreciation Expense Equipment Date Debit Dec 31, 2019 4,200 Account No. 517 Credit Balance 4.200 Insurance Expense Date Debit Dec 31, 2019 6.600 Account No. 521 Credit Balance 6,600 Supplies Expense Date Debit Dec 31, 2019 1 9 .4001 Account No. 523 Credit Balance 9.400 (General Journal
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