Sheridan Company has the following balances in selected accounts on December 31. $0 0 7.900 Accounts Receivable Accumulated Depreciation-Equipment Equipment Prepaid Insurance Salaries and Wages Payable Supplies 1,920 0 3.500 1. 2 All the accounts have normal balances. The information below has been gathered at December 31. A count of supplies on December 31 indicates that supplies of $840 are on hand. Depreciation on the equipment for the year is $800. Sheridan Company paid $1.920 for 12 months of insurance coverage on June 1 Sheridan Company pays its employees total salaries of $8.100 every Monday for the preceding 5-day week (Monday through Friday).On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of the year. 3. 4. Prepare adjusting entries for the four items described above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. 2. . 3 3