Among other items, the partial unadjusted trail balance of Filmblaster, Inc., a movie rental

company, at December $31$ of the current year includes the following unadjusted account

balances:

Filmblaster, Inc.

Partial Unadjusted Account Balance

December $31$

Examination of the records shows that adjustments should be made for the following items,

Prepare the annual year end adjusting journal entries at December $31$:

a$)$ Of the Prepaid Insurance in the unadjusted trail balance, $$3500$ is for coverage during the

months after December $31$st of the current year.

b$)$ The balance in the Prepaid Rent account is for a $12-$month period that started August $1$ of

the current year.