August 31: Paid $2,400 for a 12-month insurance policy. Policy effective dates are September 1 through August 31.

December 31: Book expense for insurance during September 1December 3

Journal entry needed for December 3st the booking for insurance below are my accounts

Expense Accounts \begin{tabular}{|l|l|} \hline & Acct \# \\ \hline \hline Cost of Goods Sold & 500 \\ \hline Rent Expense & 501 \\ \hline Wages Expense & 502 \\ \hline Insurance Expense & 503 \\ \hline Interest Expense & 505 \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline \multicolumn{2}{|c|}{ Revenue Accounts } \\ \hline & Acct \# \\ \hline \hline Sales Revenue & 401 \end{tabular}