connect.mheducation.com/flow/connect.html -BL 22 my post.edu Unit 4 - Chapter 4 Homewo.. X apter 4 Homework Assignment A Saved At December 31, the unadjusted trial balance of H&R Tacks reports Prepaid Insurance of $5,520 and Insurance Expense of $0. The insurance was purchased on July 1 and provides coverage for 24 months Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the adjusting journal entry on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required In the first account held.) View transaction list Journal entry worksheet Record the adjusting entry on December 31. General Journal Credit Prev 3 of 7 Next here to search si