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 $500, but a count of supplies reveals only $220 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 $510 in Prepaid Insurance. A review of insurance policies reveals that $120 of insurance is unexpired. c. Employees work Monday through Friday, and salaries of $3,100 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 $280 that will be paid in early January. View transaction list Journal entry worksheet View general journal

Prepare adjusting joumal entries, as needed, for the following items. (If no entry is required for a transaction/event, select "No journat entry required in the first account field.) a. The Supplies account shows a balance of $500, but a count of supplies reveals only $220 on hand at year-end. b. The company initially records the payments of all insurance premiums as prepaid insurance. The unadjusted triak balance at year. end shows a balance of $510 in Prepaid Insurance. A review of insurance policles reveals that $120 of insurance is unerpired c. Employees work Monday through Friday, and salaries of $3,100 per week are paid each Friday. The company's year-end falls on Tuesdoy. d. At year-end, the company received a utility bill for December's electricity usage of $280 that will be paid in early January. Journal entry worksheet The Supplies account shows a balance of 1400 , tut a caunt of wophies reveals onty $220 on hand at yoarend. Note: Enter debils behere onsits