Prepare adjusting journal entries for the year ended December 31, 2014, for each of the below situations in (a) to (g). Assume that prepaid expenses are initially recorded in asset accounts. Assume that fees collected in advance of work are initially recorded as liabilities. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. Depreciation on the company's machinery for 2014 was estimated to be $50,000. b. The Prepaid Insurance account had a $27,400 debit balance at December 31, 2014, before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed $19,900 of unexpired insurance remaining. c. The Office Supplies account had a $670 debit balance on January 1, 2014; $3,800 of office supplies were purchased during the year; and the December 31, 2014, count showed that $310 of supplies are on hand. d. Two-thirds of the work for a $55,500 fee received in advance has now been performed. e. The Prepaid Insurance account had an $12,600 debit balance at December 31, 2014, before adjusting for the costs of any expired coverage. An analysis of the company's insurance policies showed that $9,300 of coverage had expired. f. Wages of $53,000 have been earned by workers but not paid as of December 31, 2014. g. Record the January 6, 2015, payment of $94,500 in wages, inclusive of the $53,000 December 31, 2014, accrual in (f) above. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Record the depreciation expense for the year. Note: Enter debits before credits. Transaction General Journal Debit Credit View transaction list Journal entry worksheet < 2 3 4 5 6 7 Record the insurance coverage that expired during the year. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Record the record office supplies consumed during the year. Note: Enter debits before credits. Transaction C General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 Record the earned portion of fee received in advance. Note: Enter debits before credits. Transaction d. General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Record the insurance coverage that expired during the year. Note: Enter debits before credits, Transaction e. General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet < 1 2 3 4 5 Record the wages accrued but not yet paid. Note: Enter debits before credits.. Transaction 6 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 Record the payment of wages. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit acces entry Clear entry View general journal