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6 Willow Window Washing Services prepares adjustments monthly and shows the following selected accounts on its December 31, 2020, unadjusted trial balance Credit Account Prepaid insurance Prepaid office rent Prepaid subscriptions Prepaid equipment rental Debit $ 3,720 23,000 1,300 26,320 ebook Required: Prepare the required monthly adjusting entries at December 31, 2020, based on the following additional information: Print a. The remaining balance in Prepaid Insurance was for a six-month insurance policy purchased for $7.440 and in effect on September 1. 2020 b. $5,200 of the balance in Prepaid Office Rent had not been used as at December 31, 2020. c. $1,140 of the balance in Prepaid Subscriptions had been used as at December 31, 2020. d. The company paid $33,840 on April 1, 2020, to rent equipment for a three-year period beginning April 1, 2020. eferences 1, 20 b. $5 200 of the balance in c. $1,140 of the balance in Prepaid Subscriptions had been used as at December 31, 2020. d. The company paid $33,840 on April 1, 2020, to rent equipment for a three-year period b View transaction list EX 1 Record the expired insurance. 2 Record the expired office rent. 3 Record the prepaid subscriptions used. 4 Record the equipment rent expense. Credit Note oumal entry has been entered 4 Record the equipment rent expense. Credit 10 points eBook Note : = journal entry has been entered Record entry clear entry View general journal Print References Analysis Component: If the above adjustments were not recorded, identify the types of accounts that would be affected and they would be over- or understated. Assets Equity Expenses Profit