why is number 3 incoreect ?

b. The Prepaid Insurance account for the solar panels had a $2,000 debit balance at December 31 before adjusting any expired coverage. Analysis of prepaid insurance shows that $600 of unexpired insurance coverage remains a c. The company received $3,000 cash in advance for sustainability consulting work. As of December 31, one third o consulting work had been performed. d. As of December 31, $1,200 in wages expense for the organic produce workers have been incurred but not yet pa e. As of December 31, the company has earned, but not yet recorded, $400 of interest revenue from investments in responsible bonds. The interest revenue is expected to be received on January 12 For each of the above separate cases, prepare the required December 31 year-end adjusting entries. Answer is complete but not entirely correct. No Transaction Debit Credit General Journal Depreciation expense equipment Accumulated depreciation-equipment 5,000 5,000 2 b. 1 400 Insurance expense Prepaid insurance 1,400 3 Unearned revenue 3,000 Consulting revenue 3.000 1 of 1 : Next 0