Question 7: Using the following dato, prepare the adjusting entries for the month ended December Page 7 Insurance in the amount of $600 expired during December b. On December 1, the supplies account hade balonce of $1.200 $2,800 of spies 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 26. December 31 is a Wednesday Date Account Titles Rer Debit Credit END OF CASE