a. On July 1, 2005, Beyonce Company paid \($1,800\) for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31, 2005. Prepare the journal entry to reflect expiration of the insurance as of December 31, 2005.

b. Tyrell Company has a Supplies account balance of \($1,000\) on January 1, 2005. During 2005, it purchased \($3,000\) of supplies. As of December 31, 2005, a supplies inventory shows \($1,300\) of supplies available. Prepare the adjusting journal entry to correctly report the balance of the Supplies account and the Supplies Expense account as of December 31, 2005.