Completed services that were paid for six months earlier, 53,500 Date Accounts and Explanation Debit Credit | Dec 31 A two year insurance policy for $10.560 was purchased on November 1 of the current year. Record the transaction for the year ended December 31. Date Accounts and Explanation Debit Credit The unadjusted balance of Office Supplies at Dec 31 is $3,700 and at year end the office supplies on hand totaled $1,900. Date Accounts and explanation Debit Credit