Use the following information for the Exercises below. (Algo)

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[The following information applies to the questions displayed below.]

1. Wages of $7,000 are earned by workers but not paid as of December 31.
2. Depreciation on the companys equipment for the year is $10,840.
3. The Supplies account had a $410 debit balance at the beginning of the year. During the year, $4,705 of supplies are purchased. A physical count of supplies at December 31 shows $521 of supplies available.
4. The Prepaid Insurance account had a $5,000 balance at the beginning of the year. An analysis of insurance policies shows that $1,900 of unexpired insurance benefits remain at December 31.
5. The company has earned (but not recorded) $950 of interest revenue for the year ended December 31. The interest payment will be received 10 days after the year-end on January 10.
6. The company has a bank loan and has incurred (but not recorded) interest expense of $3,000 for the year ended December 31. The company will pay the interest five days after the year-end on January 5.

Exercise 3-9 (Algo) Preparing adjusting entries LO P1, P3, P4

For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended December 31.