Window Help 4% D Tue 1:32 PM Wx 4 Apply: Exerciee Exercise 6 Saved Help Save&Exit Submit 1. A firm purchased a three-year insurance policy for $5,760 on July 1, 2019. The $5,760 was debited to the Prepaid Insurance account. 2. On December 1, 2019, a firm signed a contract with a local radio station for advertising that will extend over a two-year period. The firm paid $27,840 in advance and debited the amount to Prepaid Advertising Prepare end-of-month adjusting entries for each of the above situations View transaction list Journal entry worksheet Prepare the adjusting entry for insurance. Note: Enter debits before credits Credit Debit General Journal Transaction