In December 2010, the company paid $1,800 for insurance for the first six months of 2011. This

Question:

In December 2010, the company paid $1,800 for insurance for the first six months of 2011. This payment was mistakenly recorded as insurance expense in 2010. Make the necessary correcting entry, assuming that
(1) The error was found in August 2011 after the 2010 books had been closed and
(2) The error was found in August 2012 after the 2011 books had been closed. Ignore income taxes.