2. Assume that Specialty Manufacturing's actual payroll for the year is $428,500. Calculate the total insurance premium wed 857 Feedback Check My Wor Correct Prepare a journal entry as of December 31, 20, to record the adjustment for the underpayment. The actual payment of the additional premium will take place in January of the next year. If an amount box does not require an entry, leave it blank. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 2 3 1 20-Dec. 31 Workers' compensation insurance expense Workers compensation insurance payable 0X 1 543 X 2 3 Feedback Check My Work Partially correct CO