Prepare adjusting journal entries, 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.) 0. The Supplies account shows a balance of $570, but a count of supplies reveals only $240 on hand at yearend. 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 $540 in Prepaid insurance. A review of insurance policies reveals that $180 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 Tuesday. d. At year-end, the company recelved a utility bill for December's electricity usage of $270 that will be paid in early January. The Supplies account shows a balance of $570, but a count of supplies reveals only $240 on hand at year-end. Note: Enter debits before credits. The company initially records the payments of all insurance premiums as prepaid insurance. The unadjusted trial balance at year-end shows a balance of $540 in Prepaid Insurance. A review of insurance policies reveals that $180 of insurance is unexpired. Note: Enter debits before credits. Employees work Monday through Friday, and salaries of $2,600 per week are paid each Friday. The company's year-end falls on Tuesday. Note: Enter debits before credits. At year-end, the company received a utility bill for December's electricity usage of $270 that will be paid in early January. Note: Enter debits before credits