Transactions Account(s) Debited Account(s) Credited a. Accrued wages as of the last day of month; payment will be made in three days. b. Paid the wages previously recorded in transaction (a) plus the wages earned in the first three days of the month. C. Bought a three-year insurance policy and paid in full. d. Made an entry to adjust for the expired portion of the insurance premium. e. Received $7,000 from a contract to perform accounting services over the next two years. f. Made an entry to adjust for half of the services performed in (e). g. Purchased office supplies, paying part cash and charging the balance on account. h. Borrowed money from a bank and signed a note payable due in six months. 1. Recorded one month's accrued interest on the note payable. j. Recorded depreciation on the office equipment