Question 2 of 5 Current Attempt in Progress Crane Company has the following balances in selected accounts on December 31. Accounts Receivable $0 Accumulated Depreciation-Equipment Equipment 8,500 Prepaid Insurance 2,880 Salaries and Wages Payable 0 Supplies 3,200 All the accounts have normal balances. The information below has been gathered at December 1. A count of supplies on December 31 indicates that supplies of $910 are on hand. 2. Depreciation on the equipment for the year is $800. 3. Crane Company paid $2,880 for 12 months of insurance coverage on June 1. Question 2 of 5 -13 5 Salaries and Wages Payable 0 Supplies 3,200 All the accounts have normal balances. The information below has been gathered at December 31. 1. A count of supplies on December 31 indicates that supplies of $910 are on hand. 2. Depreciation on the equipment for the year is $800. 3. Crane Company paid $2,880 for 12 months of insurance coverage on June 1. 4. Crane Company pays its employees total salaries of $9,500 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of the year. Prepare adjusting entries for the four items described above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit No. Account Titles and Explanation 1. here to search -13 Prepare adjusting entries for the four items described above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4