Sheridan Advertising Company's trial balance at December 31 shows Supplies $7.000 and Supplies Expense $0. On December 31, there are $2,600 of supplies on hand. Prepare the adjusting entry at December 31, and using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (List ali debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Supplies Supplies Expense At the end of its first year, the trial balance of Sandhill Company shows Equipment $34,800 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,740. Prepare the annual adjusting entry for depreciation at December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 Post the adjustments to T-accounts. Depreciation Expense Accumulated Depreciation Equipment Indicate the balance sheet presentation of the equipment at December 31. Sandhill Company Balance Sheet (Partial) Indicate the balance sheet presentation of the equipment at December 31. Sandhill Company Balance Sheet (Partial) On July 1, 2022, Sheridan Co. pays $ 21,800 to Windsor Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31. For Sheridan Co., journalize and post the entry on July 1 and the annual adjusting entry on December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually . Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Prepaid Insurance Insurance Expense On July 1, 2022. Wildhorse Co. pays $ 20,600 to Ayayai Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the annual adjusting entry on December 31 for Ayayai Insurance Co. Ayayai uses the accounts Unearned Service Revenue and Service Revenue. (List all debit entries before credit entries. Credit account titles are automatically Indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 1 Unearned Service Revenue Service Revenue