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 $560, but a count of supplies reveals only $230 on hand at year-end. b. The company Initially records the payments of all Insurance premlums as prepald Insurance. The unadjusted trial balance at year- end shows a balance of $590 In Prepaid Insurance. A review of Insurance policies reveals that $180 of Insurance is unexpired. C. Employees work Monday through Friday, and salarles of $2,500 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 $220 that will be paid in early January View transaction list Journal entry worksheet 2 3 4 The Supplies account shows a balance of $560, but a count of supplies reveals only $230 on hand at year-end. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal