For each separate case, record the necessary adjusting entry. a. On July 1, Lopez Company paid $1,400 for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31. b. Zim Company has a Supplies account balance of $5,400 at the beginning of the year. During the year, it purchases $2,200 of supplies. As of December 31, a physical count of supplies shows $900 of supplies available. Prepare the year-end adjusting entries to reflect expiration of the insurance and correctly report the balance of the Supplies account and the Supplies Expense account as of December 31 . Journal entry worksheet Record the supplies used during the year. Note: Enter debits before credits