RADED Homework d Help Save & Exit Submit Lancaster Company must make three adjusting entries on December 31, 20X1. a. Supplies used, $10,400 (supplies totaling $16,800 were purchased on December 1, 20X1, and debited to the Supplies account). b. Expired insurance, $7600, on December 1, 20X1, the firm paid $45,600 for six months' insurance coverage in advance and debited Prepaid Insurance for this amount c. Depreciation expense for equipment, $5,200. Complete this question by entering your answers in the tabs below. General Journal Ledger i Post the entries to the general ledger accounts. Supplies Date Debit Dec. 1, 20X1 Dec. 31, 20X1 Account No. 121 Credit Balance Prepaid Insurance Date Account No. 131 Debit Credit Balance 16,800 Dec 1, 20X1 Dec 31, 20X1 Accumulated Depreciation-Equipment Account No. 142 Depreciation Expense-Equipment Date Dec 31, 20X1 Debit Credit Balance Date Dec 31, 20X1 Account No. 517 Debit Credit Balance Insurance Expense Account No. 521 Date Dec. 31, 20X1 Debit Credit Balance Supplies Expense Date Debit Credit Account No. 523 Balance Dec 31, 20X1 < General Journal