Consider the following situations for College Park Welding Services.

a. Depreciation for the current year includes Equipment, $ 2,400.

b. Each Monday, College Park pays employees for the previous week’s work. The amount of weekly payroll is $ 5,600 for a seven-day workweek (Monday to Sunday). This year December 31 falls on Thursday.

c. The beginning balance of Office Supplies was $ 2,500. During the year, College Park purchased office supplies for $ 3,000, and at December 31 the office ­supplies on hand totaled $ 1,700.

d. College Park prepaid a two full years’ insurance on August 1 of the current year, $ 5,280. Record insurance expense for the year ended December 31.

e. College Park had earned $ 3,200 of unearned revenue.

f. College Park had incurred (but not recorded) $ 150 of interest expense on a note payable. The interest will not be paid until February 28.

g. College Park billed customers, $ 6,000, for welding services performed.

Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries.