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Proctoring Enabled Exam 2 (Ch 384) 2 Prepare adjusting journal entries, as needed, for the following items (if no entry is required for a tricse

image text in transcribed Proctoring Enabled Exam 2 (Ch 384) 2 Prepare adjusting journal entries, as needed, for the following items (if no entry is required for a tricse Journal entry required" in the first account field) a. The Supplies account shows a balance of $570, but a count of supplies reveals only $220 an end at your-end. Hele Save & Fail b. The company initially records the payments of all insurance premiums as prepaid insurance. The unadjusted trial balance at your- end shows a balance of $540 in Prepaid Insurance. A review of insurance policies reveals that $170 of insurance is unexpired c. Employees work Monday through Friday, and salaries of $2,900 per week are paid each Friday. The company's year-end fails on Tuesday d. At year-end, the company received a utility bill for December's electricity usage of $290 that will be paid in early January View transaction let Journal entry worksheet

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