Wk 4 . Practice Connect Knowledge Check [au. Sorel Help Save & Exit Sub Check my world 4 Exercise 3-7 Preparing adjusting entries LO P1, P3, P4 10 points n. Wages of $9.000 are earned by workers but not paid as of December 31 b. Depreciation on the company's equipment for the year is $10,360 c. The Office Supplies account had a $490 debit balance at the beginning of December During December, $4769 of office supplies are purchased a physical count of supplies at December 31 shows $527 of supplies available. d. The Prepaid Insurance account had a $5,000 balance at the beginning of December. An analysis of Insurance policies shows that $2,800 of unexpired Insurance benefits remain at December 31 e. The company has earned (but not recorded) $1.000 of interest revenue for the year ended December 31 The interest payment will be received on 10 days after the year-end January 10 1. The company has a bank loan and has incurred (but not recorded) interest expense of $3,500 for the year ended December 31. The company will pay the interest five days after the year-end on January 5 For each of the above separate cases, prepare adjusting entries required of financial statements for the year ended (date of) December 31 Journal entry worksheet Wages of $9,000 are earned by workers but not paid as of December 31. ses Note: Enter debits before credits. Transaction General Journal Debit Credit