Practice Quiz Adjusting and Closing Entries Selected Accounts before adjustment: A/R Supplies Prepaid Insurance 12,200 5/31 1,800 1/1 5,400 8/31 3,600 7/1 7,200 Accum. Deprec. Wages Payable Equipment 4,000 1,200 20,000 Fees Earned Supplies Expense Unearned Revenue 42,500 15,000 Deprec. Expense Insurance Expense Wages Expense 18,200 The following information was obtained from the accounting records: 1. An inventory of supplies indicates supplies with a cost of $1,000 remain 2. The beginning balance of Pre