Question 7: Using the following data, prepare the adjusting entries for the month ended December 31 . 2022 2022 a. Insurance in the amount of $600 expired during December b On December 1 , the supplies account had a balance of 51,200,52,800 of supplies were purchased during December. A physical count of supplies on December 31 indicated $1,400 on hand c. Depreciation on equipment for December is $3,000. d Employees are paid $10,000 every Friday for the five-day work week Monday - Friday They were last paid on Friday, December 20 December 31 is a Wednesday