Prepare journal entries on December 31 to record the following unrelated adjustments. Note after each journal entry what type of entry you have explanations are needed. Estimated depreciation on equipment tor the year, $4.500. the Prepaid Insurance account has a $3,680 debit balance before adjust. examination of insurance policies shows $600 of insurance expired. the Prepaid Insurance account has a $2,400 debit balance before adjust examination of insurance policies slums $950 of unexpired insurance. the company has three office employees who each earn $100 per day for workweek that ends on Friday. the employees were paid on Friday, December worked full days on Monday, Tuesday, and Wednesday, December 29, 30, a On November 1, the company received 6 months' rent in advance from a is $700 per month. the $4,200 was credited to the Unearned Rent account. the company collects rent monthly from its tenants. One tenant whose ren month has not paid his rent for December. d/4,500 depreciation (equip) accumulated depreciation (depreciation)