ABC Ltd has the following balances in Office Supplies and Prepaid Expenses as of Dec 31, 2021

Question 12 2 Points ABC Ltd has the following balances in Office Supplies and Prepaid Expenses as of Dec 31, 2021 Office Supplies $1,200 Prepaid Insurance 53,600 You are required to make the following two adjustment entries: office supplies used during the year 1900, accouptant asked you to make an adjustment to Office supplies as or Dec 31, 2020 2. Prepaid insurance of $3,600 represent insurance paid for for 1 year from Oct 01, 2021 to Sep 30, 2022, you are asked to make an adjustment of prepaid insurance for 3 months for insurance used from Oct to Dec 2021 What is the balance of the following two accounts after recording the above two adjustment entries Ottice Supplies Blank 1 Prepaid Insurance Blank 2 MAKE SURE YOU USE COMMAS AFTER EVERY THOUSAND & NO USE OF S SIGN Bank 1 Add your an S DU TE 2 3 $ 4 % 5