View Policies Current Attempt in Progress Question Multiple Choic The following information relates to the Crane Magazine Company at the end of 2020. The accounting period is the calendar year. Question 7 Multiple choice 1. 2. An insurance premium of $6,600 was paid on March 1, 2020, and was charged to Prepaid Insurance. The premium covers a 24-month period beginning March 1, 2020. On June 1, 2020, cash of $45,360 was received from subscribers (customers) for a 36-month subscription period beginning on that date. The receipt was recorded by a debit to Cash and a credit to Unearned Subscription Revenue. The Supplies account showed a balance of $7,400 at the beginning of 2020. Supplies costing $15,100 were purchased during 2020 and debited to the asset account. Supplies of $3,500 were on hand at December 31, 2020. Question 8 Multiple Choice 3 Question 9 Multiple Choice Using the information given above, prepare the necessary adjusting entries at December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Question 10 Accounting Dropdo No. Account Titles and Explanation Debit 1 Credit Question 11 Accounting Dropdov Question 12 Accounting Dropdown 2. Viewing Questio