3 10 points 1. Prepare the adjusting journal entry on December 31. 2. Post the beginning balances and adjusting entries to the following T-accounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the beginning balances and adjusting entries to the following T-accounts. Prepaid Insurance Beginning Balance Debit Ending Balance 9,120 6,840 X Answer is not complete. Credit 2,280 Beginning Balance Adjusting Debit Ending Balance Credit