ACCT 201 Case Fall 2017 Page 7 Question 7 Using the following data, prepare the adjusting entries for the month ended February 28, 2017 a. Insurance expired during February, $1,700 b. Supplies on February 1 were $1,600 with $7400 of supplies purchased d February. A count of supplies on February 28 indicated $2,100 on hand c. Fees earned but not yet billed $3,600 d. Depreciation on equipment for February $3,500 e. Employees are paid $4,200 every Friday for the five day work week Monday- Friday February 28 is a Tuesday Date Account Titles Ref Debit Credit 0