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.) a. The Supplies account shows a balance of $570, but a count of supplies reveals only $260 on hand at year-end. b. The company initially records the payments of all insurance premiums as prepaid insurance. The unadjusted trial balance at yea end shows a balance of $600 in Prepaid Insurance. A review of insurance policies reveals that $180 of insurance is unexpired. c. Employees work Monday through Friday, and salaries of $3,500 per week are paid each Friday. The company's year-end falls Tuesday. d. At year-end, the company received a utility bill for December's electricity usage of $230 that will be paid in early January. View transaction list Journal entry worksheet < 1 2 3 4 The Supplies account shows a balance of $570, but a count of supplies reveals only $260 on hand at year-end. Note: Enter debits before credits. Transaction General Journal Debit Credit