Part 5 Adjusting Entries points) Problem A The following information for Wilson Company is available on June 30, 2015, at the end of the accounting period. You are to prepare the necessary adjusting journal entries for Wilson for the month of June for each situation given. 1. Wilson Company purchased a 2-year insurance policy on February 1, 2015 and debited Prepaid Insurance for $4,800. 2. On February 1, 2015, a tenant in an apartment building owned by Wilson Company paid $4,200 which represents six months' rent in advance. The amount received was credited to the Unearned Rent account. 3. On June 1, 2015, the balance in the Supplies account was $200. During June, office supplies costing $580 were purchased. A physical count of office supplies at June 30 revealed that there was $140 still on hand