10 Part 2 of 4 3 points Skipped Required information [The following information applies to the questions displayed below] A+T Williamson Company is making adjusting entries for the year ended December 31 of the current year. In developing information for the adjusting entries, the accountant learned the following: a. A two-year insurance premium of $4,800 was paid on October 1 of the current year for coverage beginning on that date. The bookkeeper debited the full amount to Prepaid Insurance on October 1 b. At December 31 of the current year, the following data relating to Shipping Supplies were obtained from the records and supporting documents. eBook H Print Shipping suppline on hand, January 1 of the current year Purchases of shipping supplies during the current year $13,000 75,000 References Shipping supplies on band, counted on December 31 of the current year 20,000 Mc Graw 2. Record the adjusting entry for supplies at December 31 of the current year, assuming that the shipping supplies purchased during the current year were debited in full to the account Shipping Supplies. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 8 < Prev 10 11 12 of 19 Next > 10 Uarned the setinn ontni tar eunnline st Baromhar at the current year seruming that the chinninn ennline nur Required information Part 2 of 4 View transaction list 3 points Skipped eBook Hint Print References Journal entry worksheet Record the adjusting journal entry related to Shipping Supplies. Note: Enter debits before credits. Transaction b. General Journal Debit Credit Record entry Clear entry View general journal