ADJUSTING JOURNAL ENTRY QUIZI 1. On Sept1, 2017 JHJ Shoe Company purchased a 12-month insurance policy for $3600 Required: Record the adjusting required at December31, 2017. 2. On, Sept 1,2018 JHJ Shoe Company renewed its insurance coverage at a cost of $4,800. Required: Record the adjusting entry required on December 31, 2018. Your adjusting entry should reflect the balance in the prepaid insurance account on January 1, 2018 from problem 3. 3. Assume JHJ GameStop in 2018 receives from 2,000 customers $100 for NBA2K18. At December 31, 1,500 customers have picked up their games. Record the adjusting entry to record the delivery of 1,500 games to customers. + Account # CREDITS TRANSACTION TYPE ACCOUNTS Receive Something of Value DEBITS Give Something of Value DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT 1 T DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT