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Question three: prepare adjustment entries for the year ended December 31, for each of these separate situation. a- Prepaid insurance has a debit balance of

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Question three: prepare adjustment entries for the year ended December 31, for each of these separate situation. a- Prepaid insurance has a debit balance of 6,000 $, the insurance policy purchased on 14 July to cover 2 years. b- The office supplies has debit balance of 3,000 $ at the beginning of the year, during the year purchase 6,000 $, at the year end the supplies used 3000 $. c- The annual depreciation for the building is 40,000 $. d- Total wages for December is 60,000 $, two weeks, wages still not paid yet to the workers

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