Question: Joumalize the adjusting entry needed at December 31, the end of the current accounting year, for each of the following independent cases affecting Outdoor

Joumalize the adjusting entry needed at December 31, the end of the current accounting year, for each of the following independent cases affecting Outdoor Adventures, Inc. No other (Record debits first, then credits. Exclude explanations from any journal entries.) (Click the icon to view the independent cases.) a. Prior to making the adjusting entry on December 31, the balance in Prepaid insurance is $3,600. Outdoor Adventures, Inc. pays liability insurance each year on February 1. Date Dec Journal Entry Accounts Debit Credit b. Outdoor Adventures, Inc. pays employees each Friday. The amount of the weekly payroll is $15,000 for a five-day workweek. December 31, the fiscal year-end, is a Wednesday. Journal Entry Accounts Debit Credit Date Dec

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