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can someone tell me if my solution is correct? if not cab you show me the correct solution? 1. A firm purchased a three-year insurance

can someone tell me if my solution is correct? if not cab you show me the correct solution?
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1. A firm purchased a three-year insurance policy for $7,920 on July 1, 2019. The $7,920 was debited to the Prepaid Insurance account 2 On December 1, 2019, a firm signed a contract with a local radio station for advertising that will extend over a two-year period. TI firm paid $29.280 in advance and debited the amount to Prepaid Advertising Prepare end-of-month adjusting entries for each of the above situations. View transaction list View journal entry worksheet No Transaction General Journal Debit Credit Insurance expense Prepaid insurance Advertising expense Prepaid advertising

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