1 The following information relates to the Carla Vista Magazine Company at the end of 2020. The accounting period is the calendar year. An insurance premium of $8,700 was paid on March 1, 2020, and was charged to Prepaid Insurance. The premium covers a 24-month period beginning March 1, 2020. 2. On June 1, 2020, cash of $47,880 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. 3. The Supplies account showed a balance of $3,600 at the beginning of 2020. Supplies costing $15,600 were purchased during 2020 and dobited to the asset account. Supplies of $3,700 were on hand at December 31, 2020 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.) No. Account Titles and Explanation Debit Credit 1. 2