Preparing adjusting entries For each of the following separate cases, prepare adjusting entries required of financial statements for the year ended (date of ) December 31, 2008.

a. Wages of \($8,000\) are earned by workers but not paid as of December 31, 2008.

b. Depreciation on the company’s equipment for 2008 is $18,531.

c. The Office Supplies account had a \($240\) debit balance on December 31, 2007. During 2008, \($5,239\) of office supplies is purchased. A physical count of supplies at December 31, 2008, shows \($487\) of supplies available.

d. The Prepaid Insurance account had a \($4,000\) balance on December 31, 2007. An analysis of insurance policies shows that \($1,200\) of unexpired insurance benefits remain at December 31, 2008.