Chart Accounts Journal Instructions The prepaid insurance account had a beginning balance of 56,800 and was debited for $25,100 of premiums paid during the year Journalize the adusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periode $850. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use Ines for journal explanations Every line on a journal page is used for not or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered Journal Chart of Accounts CHART OF ACCOUNTS General Ledger ASSETS REVENUE 41 Fees Eamed 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation Equipment EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Salary Expense 55 Supplies Expense 56 Uities Expense LIABILITIES et e ch hp expense Instructions Chart of Accounts Journal Journal Journalize the dusting entry required at the end of the year (December 31), assuming the amount of unexpensrance related to the end 300 Roerte chart of accounts for the exact wording of the accounts CNOW Jumals do not use lines for uma explanations Everyone rotor entries. CNOW Journals will automatically indent a credt entry when a credit amount as entered TROT JOURNAL ACCOUNTING EQUATION DATE POST SET CEIT DESCRIPTION Adjusting Entries 3 e E B hp