29Which of the following does not require an adusting entry at year-end? A Aconsed interest on notes payable B. Supplies used duning the period C. Cash invested by stockholder. D. Accrued wages E. Expired portion of prepaid insurance 30 The following information is available for the Higgins Travel Agency, Inc. After these closing entries what will be the balance in the Retained Eamings account? Net Income Retained earning $42.500 130,000 A $75,500. B. $184,500. C. $99,500. D. $160,500. E. $130,000. 31. What is the proper adjusting entry at December 31,the end of the accounting period, f the balance i analysis the prepaid insurance account is S7750 before adjustment, ard the unexpredamont policies is, $3,2507 A. Debit Insurance Expense, $3,250, credit Prepaid Insurance, $3,250. B. Debit Insurance Expense, $4,500, credit Prepaid Insurance, $4,500. C. Debit Prepaid Insurance, $4,500, credit Insurance Expense, $4,500. D. Debit Insurance Expense, $7,750; credit Prepaid Insurance, $7,750 E. Debit Cash, $7,750: Credit Prepaid Insurance, $7,750