Prepare adjusting journal entries for the year ended December 31 for each separate situation. Depreciation on the companys equipment for the year is $6,000. The Prepaid Insurance account had a $4,650 debit balance before adjustment. An examination of insurance policies shows $2,500 of unexpired insurance remains. Salaries expenses of $2,400 have been incurred but are not paid as of December 31. On November 1, the company received $8,700 cash for 6 months rent in advance from a tenant whose