Show Attempt History Current Attempt in Progress Your answer is partially correct When the accounts of Wildhorse A.. are examined the adjusting data listed below are uncovered on December 31, the end of an annual fiscal period 1. 2. a The prepaid insurance account shows a debit of t5,952, representing the cost of a 2-year hreinsurance policy dated August 1 of the current year. On November 1, Rent Revenue was credited for 11,668, representing revenue from a subrental for a 3-month period beginning on that date Purchase of advertising materials for 1556 during the year was recorded in the Supplies Expense account On December 31, advertising materials of 4317 are on hand. Interest of 1793 has accrued on notes payable. 3. 4. Prepare the following in general journal form. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.) (a) The adjusting entry for each item. No. Account Titles and Explanation Debit Credit (a) The adjusting entry for each item. No. Account Titles and Explanation Debit Credit 1. Insurance Expense 1240 Prepaid Insurance 1240 2. Rent Expense 556 Rent Receivable 556 3 Prepaid Advertising 317 Advertising Expense 317 4 Interest Expense 793 Interest Payable 793 0.73/1 11! Question 7 of 12 (b) The reversing entry for each item where appropriate Debit Credit No. Account Titles and Explanation 1 No Entry No Entry 556 2. Rent Receivable 556 Rent Revenue 317 3. Advertising Expense 317 Prepaid Advertising 4 No Entry No Entry e Textbook and Media List of Accounts