Help Save&Exit per 4 Homework Assignment A Check n At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $7,920 and Insurance Expense of $O. The insurance was purchased on July 1 and provides coverage for 24 months Required: L. Prepare the adjusting journal entry on December 31 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Oe tin ourmnt t 31. (if no entry is required for a trarsaction/event, select 'wo Jeurnal t Required" in the first account field.) Journal entry worksheet Recoed the adjusting entry on December 33 Enter debits beture