Accumulated depreciation-equipment 4,000 CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 5 Partially correct 4.00 points out of 6.00 P Flag question Adjusting Entry for Prepaid Insurance Cooper Inc. recorded the purchase of a three-year insurance policy on July 1 in the amount of $3,600 by debiting Prepaid Insurance and crediting Cash. Prepare the necessary December 31 year-end adjusting entry General Journal Description Credit Debit 1,200 Insurance expense 1,200X Prepaid insurance CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 6 Partially correct 16.00 points out of 18.00 Accrual Adjusting Entries P Flag