D Export PDF POH DOC PDF Org Prepare adjusting journal entries for the year ended December 31, 2011, for each of the inde- pendent situations in (a) to (1). Assume that prepaid expenses are initially recorded in asset accounts. Assume that fees collected in advance of work are initially recorded as liabilities. a. Depreciation on the company's equipment for 2011 was estimated to be $32,000. b. The Prepaid Insurance account had a $14,000 debit balance at December 31, 2011, before adjusting for the costs of any expired coverage. An analysis of the company's insurance poli- cies showed $2,080 of unexpired insurance remaining. c. The Office Supplies account had a 5600 debit balance on January 1, 2011; $5,360 of office supplies were purchased during the year, and the December 31, 2011, count showed that $708 of supplies are on hand. d. Two-thirds of the work for a $30,000 fee received in advance has now been performed. e. The Prepaid Insurance account had an $11,200 debit balance at December 31, 2011, before adjusting for the costs of any expired coverage. An analysis of the company's insurance poli- cies showed that 59,200 of coverage had expired. f. Wages of $8,000 have been earned by workers but not paid as of December 31, 2011. 9. Record the January 6, 2012, payment of $20,000 in wages, inclusive of the $8,000 December 31, 2011, accrual in () above. 2 Envirn Wastara