A bakery is completing the accounting process for its first year ended December 31, 2018. The following data are available to determine adjustng journal entries:

A. Wages earned by employees during December 2018, unpaid and unrecorded at December 31, 2017, ammounted to $6,100.

B. The store purchased a building at the beginning of the year. The estimated depreciation for 2018 is $5,000.

C. The unadjusted balance in supplies was $1,200 at Decemeber 31, 2018. A year-end count showed $500 of supplies on hand.

D. The bakery recieved $9,000 in December creditng Deferred Revenue for catering jobs to be held in December and January. Bakery has earned $3,00 of this in December.

E. Bakery catered a New Year's Eve party on December 31, collection is expected in January for $10,000.

F. Prepaid insurance that has been used during the year is $2,400.

Complete the adjusting entries for the above transactions and then determine if over or understated.