Journal entry worksheet 2 3 4 5 6 7 1 Record the entry for insurance expense if, on July 1, 2018, a two-year insurance premium on equipment in the amount of $624 was paid and debited in full to Prepaid Insurance on that date. Coverage began on July 1 Note: Enter debits before credits. Transaction General Journal Debit Credit Insurance Expense Journal entry worksheet 45 2 3 6 7 Record the entry for supplies expense if, at the end of 2018, the unadjusted balance in the Supplies account was $1,000. A physical count of supplies on December 31, 2018, indicated supplies costing $310 were still on hand. Note: Enter debits before credits. Transaction General Journal Debit Credit b Journal entry worksheet 23