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 $580, but a count of supplies reveals only $290 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 $580 in Prepaid Insurance. A review of insurance policies reveals that $130 of insurance is unexpired. c. Employees work Monday through Friday, and salaries of $3,200 per week are paid each Friday. The company's year-end falls on Tuesday d. At year-end, the company received a utility bill for December's electricity usage of $210 that will be paid in early January View transaction list Journal entry worksheet 4 > The Supplies account shows a balance of $580, but a count of supplies reveals only $290 on hand at year-end. Note Enter debts before credits Debit Credit Transaction General Journal View transaction list Journal entry worksheet