Question 2 of 5 1.76/4 III View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Oriole Advertising Company's trial balance at December 31 shows Supplies $7,500 and Supplies Expense $0.On December 31, there are $3.500 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec 31 Supplies 12/31 12/31 12/31 Bal Supplies Expense 12/31 e Textbook and Media List of Accounts Your answer is partially correct. At the end of its first year, the trial balance of Oriole Company shows Equipment $32,600 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,770. Prepare the adjusting entry for depreciation at December 31. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually.) Date Credit Debit Account Titles and Explanation Dec. 31 Post the adjustments to T-accounts. Depreciation Expense 12/31 Accumulated Depreciation - Equipment 12/31 Indicate the balance sheet presentation of the equipment at December 31. Oriole Company Balance Sheet (Partial) Less $ dir Your answer is partially correct On July 1, 2019, Sunland Co. pays $17,300 to Oriole Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31. For Sunland Co.journalize and post the entry on July 1 and the adjusting entry on December 31 (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record Journal entries in the order presented in the problem. Round answers to decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit July 1 Dec 31 Prepaid Insurance 7/1 12/31 12/31 Bal Insurance Expense 12/31 e Textbook and Media Current Attempt in Progress Your answer is partially correct. On July 1, 2019, Wildhorse Co. pays $22,500 to Blossom Insurance Co.for a 1-year insurance contract. Both companies have hscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Blossom Insurance Co. Blossom uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit July 1 Dec. 31 Unearned Service Revenue 12/31 7/1 12/31 Bal. Service Revenue 12/31 e Textbook and Media