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.$)$

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 $$540$ in Prepaid Insurance. A review of insurance policies reveals that $$150$ 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 $$200$ that will be paid in early

January.

Journal entry worksheet

The Supplies account shows a balance of $$560,$ but a count of supplies reveals

only $$270$ on hand at year$-$end.