Return to question Answer is complete but not entirely correct. No Transaction 1 General Journal Depreciation expense-Equipment Accumulated depreciation--Equipment Debit Credit 1.2003 1,200 2 b. Insurance expense Prepaid insurance 7,330 7,330 c. Supplies expense Supplies 2,594 2.594 4 d. Uneamed revenue Revenue 9,750 9,750 5 Insurance expense Prepaid insurance 3.230 3.230 6 1. Wages expense Wages payable 3,000 lo 3.000 a. Depreciation on the company's equipment for 2017 is computed to be $12,000. b. The Prepaid Insurance account had a $8,000 debit balance at December 31, 2017, before adjusting for the costs of any expired coverage. An analysis of the company's Insurance policies showed that $1,060 of unexpired insurance coverage remains. c. The Office Supplies account had a $210 debit balance on December 31, 2016; and $2,680 of office supplies were purchased during the year. The December 31, 2017, physical count showed $248 of supplies available d. One-fourth of the work related to $11,000 of cash received in advance was performed this period. e. The Prepaid Insurance account had a $5,400 debit balance at December 31, 2017, before adjusting for the costs of any expired coverage. An analysis of insurance policies showed that $4,340 of coverage had expired. f. Wage expenses of $3,000 have been incurred but are not paid as of December 31, 2017