Save Answer QUESTION 2 8 points You are given the following information a. The prepaid insurance account shows a debit balance of 52 340 representing the cost of a three-year fire insurance policy that was purchased on October 1 of the current year b. The office supplies account has a beginning debit balance of 5400. During the year, 51,600 in supplies were purchased. A year-end inventory Count reveals $80 of supplies still on hand. On December 1 of the current year the company received 53.000 in cash from another company that is renting office space in the company's building. The payment, representing rent for December and On October 1 of the current year, the company bent 590,000 to another company. A note was signed with principal and interest to be paid on September 30 of the next year C. d. Required: Record the December 31 adjustingencies in the general Joumal Asume that December 31 b the end of the annual accounting period. (Explanations are not required)