Record each adjusting journal entry separately

• The prepaid insurance represents a one-year policy. Record insurance expense for one month.
• The prepaid advertising represents a six-month contract. Record the advertising expense for one month.
• The computer supplies on hand total $145.Compare with the amount in the Computer Supplies account to determine how much of the account has been used and then record the expense.
• The interest on the note payable for one month is $40. Record the interest expense.