Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] a. Wages of $7,000 are earned by workers but not paid as of December 31 . b. Depreciation on the company's equipment for the year is $11,680. c. The Supplies account had a $450 debit balance at the beginning of the year. During the year, $4,965 of supplies are purchased. A physical count of supplies at December 31 shows $547 of supplies available. d. The Prepaid Insurance account had a $5.000 balance at the beginning of the year. An analysis of insurance policies shows that $1,900 of unexpired insurance benefits remain at December 31 . e. The company has earned (but not recorded) $750 of interest revenue for the year ended December 31. The interest poyment will be received 10 days after the year-end on January 10. f. The company has a bank loan and has incurred (but not recorded) interest expense of $2,500 for the year ended December 31. The company will pay the interest five days after the year-end on January 5. Exercise 3-9 (Algo) Preparing adjusting entries LO P1, P3, P4 For each of the above separate cases. prepare adjusting entries required of financial statements for the year ended December 31. 1 Wages of $7,000 are earned by workers but not paid as of December 31 . 2 Depreciation on the company's equipment for the year is $11,680. 3 The Supplies account had a $450 debit balance at the beginning of the year. During the year, $4,965 of supplies are purchased. A physical count of supplies at December 31 shows $547 of supplies available. 4 The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $1,900 of unexpired insurance benefits remain at December 31 . s1 snows \$54/ or suppies avaladie. 4 The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $1,900 of unexpired insurance benefits remain at December 31 . 5 The company has earned (but not recorded) $750 of interest revenue for the year ended December 31 . The interest payment will be received 10 days after the yearend on January 10. 6 The company has a bank loan and has incurred (but not recorded) interest expense of $2,500 for the year ended December 31 . The company will pay the interest five days after the year-end on January 5