Record the effect, if any, of the transaction entry or adjusting entry on the appropriate balance sheet category or on the income statement by entering the account name and amount and indicating whether it is an addition (+) or subtraction (-), Column headings reflect the expanded balance sheet equation; items that affect net income should not be shown as affecting stockholders' equity. The first transaction is provided as an illustration a. During the month, the Supplies (asset) account was debited $2,000 for supplies purchased. The cost of supplies used during the month was $1.250. Record the adjustment to properly reflect the amount of supplies used and supplies still on hand at the end of b. An insurance premium of $440 was pald for the coming year, Prepaid Insurance was debited. c. Wages of $3,175 were paid for the current month. d. Interest revenue of $290 was received for the current month. e. Accrued $640 of commissions payable to sales staff for the current month. f. Accrued $160 of interest expense at the end of the month. 9. Received $2,800 on accounts receivable accrued at the end of the prior month. h. Purchased $690 of merchandise inventory from a supplier on account 1. Paid $120 of interest expense for the month J. Accrued $880 of wages at the end of the current month. k. Pald $590 of accounts payable. Complete this question by entering your answers in the tabs below. Required A Required B Indicate the financial statement effect. Income Statement Balance Sheet Category Liabilities Stockholders Equity Net Income Effect Supplies Exp -1,250 Transaction/ Assets Adjustment Supplies - 1,250 b d. e 9 h k REDA Required B Complete this question by entering your answers in the tabs below. Required A Required B Prepare the journal entry for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) THE View transaction list View journal entry worksheet 1 Debit No Credit General Journal Event