At Wilamon Company is making adjusting entries for the year ended December 31 of the current year in developing Information for the adjusting entries, the accountant learned the following a A two-year insurance premum of $5.520 was paid on October 1 of the current year for coverage begening on the date. The bookkeeper debited the full amount to Prepaid insurance on October At December of the current year, the following data relating to Shipping Supplies were obtained from the records and supporting documents $12.00 Shoping up in hand, January 1 of the current year Purchases of ID Supplies during the current year Sing soos on, ted on December of the current year 70,000 E4-5 Part 1 Required: Record the counting try tor Intrance at December 3t of the current you (Do not found intermediate calculations. W no entry is required a select "No required first field Journal entry worksheet 2 Hacord the ting journal entry for insurance premium of 5. so on December 31 of the current View transaction lit Journal entry worksheet Record the adjusting journal entry for insurance premium of $5,520 on December 31 of the current year. Net Enter bits before Transaction General Journal Debit Credit Record entry Clear entry View general journal Prov 4 of 10 !!! Next >