Accrual Accounting prepaid expense question?

Adjusting entry for prepaid expense MNO Ltd purchased a one-year insurance policy on 1 April. The entire premium of $6000 was recorded by debiting prepayments. Year-end is 30 June. Give the 30 June adjusting entry. What amount should be reported in the 30 June balance sheet for prepayments? If no adjusting entry was made on 30 June, by how much would net profit be overstated or understated? Would assets be overstated or understated? What would your adjusting entry in question 1 be if the premium of $6000 was recorded by debiting insurance expense