Arnez Company's annual accounting period ends on December 31, 2017.The following information concerns the adjusting entries to be recorded as of that date.

Record the adjusting entry related to the company's insurance.

An analysis of the company's insurance policies provided the following facts.

Policy Date of Purchase Months of Coverage Cost

A April 1, 2015 24 months $11,400

B April 1, 2016 36months10,224

C August 1, 201712 months9,000

The total premium for each policy was paid in full (for all months) at the purchase date, and the Prepaid Insurance account was debited for the full cost. (Year-end adjusting entries for Prepaid Insurance were properly recorded in all prior years.)