Adjusting journal entries (10 marks) Triple Y Exports Ltd. uses a perpetual inventory system, recording cost of goods sold each time there is a sale, and updating inventory records for each new purchase of goods. The company has the following transactions and events at 31 December 20X5, the end of the accounting period: NOTE COMBINED JOURNAL ENTRIES ARE REQUIRED. IN OTHER WORDS, FOR EACH PART YOU CAN ONLY USE AN ACCOUNT ONCE IF TWO PREPAID ASSETS EXPIRE, ONE FOR $200 AND ONE FOR $645 YOU MUST SHOW A TOTAL DEBIT TO INSURANCE EXPENSE OF $845, NOT TWO SEPARATE DEBITS OF $200 AND $645.