At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $9,360 and Insurance Expense of $0. The Insurance was purchased on July 1 and provides coverage for 24 months. Required: 1. Prepare the adjusting journal entry on December 31 2. Post the beginning balances and adjusting entries to the following T-accounts. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the beginning balances and adjusting entries to the following T-accounts. Prepaid Insurance Debit Credit Beginning Balance 9,360 Ending Balance 9,360 Insurance Expense Debit Credit Beginning Balance Ending Balance Required 2 ed 1 Adjusting