Trial Balance (partial) December 31,20 - Account Title Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Page 3 Wages Expense Ifsurance Expense 17,333 3,800 a. The inventory of supplies on hand at December 31,20, was $230. b. The 4-month insurance premium of $1,800 was purchased on December 1,20 -. c. The $34,000 of equipment was purchased on January 1, two years ago. It has a salvage value of $2,000. Straight-line depreciation was used to compute depreciation at the end of last year. d. Wages accrued at December 31,20 ., were $3,700. 42. From the following adjusted trial balance, joumalize the necessary closing entries. Prepare a post-closing trial balance. Page 4 43. Indicate which of the following general ledger accounts are temporary (T) or permanent (P). a. Cash b. Accounts Receivable c. Accounts Rayable d. Prepaid Insurance e. Fees Farned f. Insurance Expense g. Accumulated Depreciation-Equipment h. Owner, Drawing i. Owner, Capital j. Ineome Summary