CMC prepays for its property & casualty insurance.As of December 31, 20x1, 80% of the prepayments have now been consumed.(Round to the nearest whole dollar.)

Can you make a journey adjusting entry please ?

General Ledger Account Name Unadj. Balance 12/31/17 Debit Credit Cash and cash equivalents 92,063 Accounts Receivable 913,780 Allowance for doubtful accounts 29,462 Interest Receivable 0 Inventory 1,270,160 Prepaid expenses 26,774 Other Current Assets 16,063 Investments 160,500 Fair Value Adjustment 0 0 Notes Receivable 220,000 Building 876,418 Equipment and furniture 332,983 Land 348,791 Accum Depr 656,465 Goodwill 493,951 Patents 217,000 Accounts Payable 1,169,343 Dividends payable Interest payable 41,310 Unearned Consulting Revenue 261,220 Wages payable 81,350 Payroll taxes payable 8,850Income tax payable Long term liabilities 694,700 Common Stock 920,000 Paid-in capital common stock 105,000 Treasury Stock 400,000 Retained Earnings 539,069 Dividends Accum Other Comprehensive Income 0 0 Sales revenue 9,253,346 Service revenue 1, 158,785 Interest Revenue 14,100 Sales returns 162,400 Sales discounts 269,662 Product cost of goods sold 5,384,590 Service cost of goods sold 570,811 Advertising 159,080 Bad debt expense 0 Depreciation and amortization O Professional Dues & subscriptions 21,470 Gain/loss on disposal 4,790 Income tax expense Insurance 80,144Interest expense 41,310 Legal and accounting fees 106,650 Miscellaneous 9,048 Office expense 220,114 Payroll taxes 136,975 Property taxes 104,570 Repair and maintenance 42,028 Research and development 470,680 Telephone 20,085 Travel and entertainment 38,391 Utilities 47,049 Wages 964,670 Salaries - Officers 710,000 Income Summary 0 Unrealized Gain/Loss-AFS 0 0 14,933,000 14,933,000