a. On July 1, Lopez Company paid $1,600 for six months of insurance col Insurance account, and it is now December 31. b. Zim Company has a Supplies account balance of $5,800 at the begini supplies. As of December 31, a physical count of supplies shows $1,00 o. On July 1, Lopez. Company paid $1,600 for six months of insurance coverage. No adjustments have been made to the Prepaid Insurance account, and it is now December 31 . b. Zim Company has a Supplles account balance of $5,800 at the beginning of the year. During the year, it purchases $2,400 of supplies, As of December 31 a physical count of supplles shows $1,000 of supplles avallable