Chart of Accounts Journal Instructions The prepaid insurance account had a beginning balance of $6,800 and was debited for $25,100 of premiums paid during the year Joumalize the adusting entry required at the end of the year, assuming the amount of unexpired insurance related to future penods is $8,500. Refer to the chart of accounts for the exact wording of the account filles CNOW joumals do not use lines for journal explanations. Every line on a journal page is used for debitor credit entries. CNOWjoumals will automatically indent a credit entry when a credit amount is entered. E E 92% 5 D PrtSc Insert Delete FIO & ( 9 + 11 Backspace 7 8 0 Adjustment for prepaid expense Instructions Chart of Accounts Journal Instructions Chart of Accounts CHART OF ACCOUNTS General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned EXPENSES 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 9 929 teachin X eAssignment Main doinvokeretake AssignmentSessionlocator Binprogress-false Adjustment for prepaid expense struction Chort of Accounts Journal Instructions Chart of Accounts GIVARS 13 Supplies EXPENSES 14 Prepaid Insurance 51 Advertising Expense 52 Insurance Expense 15 Land 53 Rent Expense 16 Equipment 17 Accumulated Depreciation Equipment 54 Salary Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense LIABILITIES 21 Accounts Payable 22 Uneamed Fees 23 Salaries Payable 24 Taxes Payable 59 Miscellaneous Expense L f . 929 instructions Chart of Accounts Journal Instructions Chart of Accounts LIABILITIES 21 Accounts Payable 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense 22 Unearned Fees 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends 0 E 92% 19 F10 Prisc Insert FIT F12 Delete Assignment Maindo invokere&takeAssignmentSessionLocator Sinprogress=false Adjustment for prepaid expense Chart of Accounts Journal Instructions Chart of Accounts Journal chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanati entries. CNOW Journals will automatically indent a credit entry when a credit amount is entered JOURNAL DATE POST. RER DEBIT DESCRIPTION Adjusting Entries L E 929 Prisc FIO insert Insert Delete FI2