4. A company purchased $100,000 in prepaid insurance. Record the transaction. Record the impact on the accounting equation The company uses $35,000 in prepaid insurance. Record the transaction. Record the impact on the accounting equation. 5. The Wall Street Journal receives $240.00 in subscription revenues for periods that have not yet been serviced. Record the transaction. Record the impact on the accounting equation. 6. The Wall Street Journal has delivered one month of publications from the previous problem. Record the transaction. Record the impact on the accounting equation. 7