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.) The Supplies account shows a balance of $580, 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 $500 in Prepaid Insurance. A review of insurance policies reveals that $120 of insurance is unexpired. c. Employees work Monday through Friday, and salaries of $2,600 per week are paid each Friday. The company's year-end fatis on Tuesday d. At year-end, the company received a utility bill for December's electricity usage of $260 that will be paid in early January The company initially records the payments of all insurance premiums as prepaid insurance. The unadjusted trial balance at year-end shows a balance of $500 in Prepaid Insurance. A review of insurance policies reveals that $120 of insurance is unexpired. Note: Enter debits before credits. Transaction General Journal Debit Credit b Advertising expense Journal entry worksheet 2 3 Employees work Monday through Friday, and salaries of $2,600 per week are paid each Friday. The company's year-end falls on Tuesday. Note: Enter debits before credits. Debit Credit Transaction General Journal Accumulated depreciation