Question 7: Using the following data, prepare the adjusting entries for the month ended December 31 , 2022 a. Insurance in the amount of $600 expired during December. b. On December 1, the supplies account had a balance of $1,200,$2,800 of supplies were purchased during December. A physical count of supplies on December 31 indicated $1,400 on hand. c. Depreciation on equipment for December is $3,000 d. Employees are paid $10,000 every Friday for the five-day work week Monday - Friday They were last paid on Friday, December 26 . December 31 is a Wednesday