Selected Accounts before adjustment: A/R Supplies Prepaid Insurance 12,200 5/31 1,800 1/1 5,400 8/31 3,600 7/1 7,200 Accum. Deprec. Wages Payable Equipment 4,000 1,200 20,000 Fees Earned Supplies Expense Unearned Revenue 42,500 15,000 Deprec. Expense Insurance Expense Wages Expense 18,200 The following Information was obtained from the accounting records: 1. An inventory of supplies indicates supplies with a cost of $1,000 remain 2. The beginning balance of Prepaid Insurance represents a one-year policy purchased the previous year. The July 1 amount represents the purchase of a two-year policy. 3. Of the Unearned Revenue, 60% remained unearned at year-end. 4. The Equipment has a ten-year life and is depreciated using the straight-line method. 5. Salaries are paid every two weeks on Friday. The next payroll cycle ends on January 3rd. Total payroll on that date will be $5,000. 6. Services rendered but unbilled at year end amounted to $4,500. Required: Prepare journal entries and post to the T-accounts above the necessary year-end adjustments. See General Journal on Sheet 3