Current Attempt in Progress Marigold Corp. has the following balances in selected accounts on December 31, 2020. Service Revenue $40,000 Insurance Expense 3,660 Supplies Expense 2,300 All the accounts have normal balances. Marigold Corp. debits prepayments to expense accounts when paid, and credits unearned revenues to revenue accounts when received. The following information below has been gathered at December 31, 2020. 1. Marigold Corp. paid $3,660 for 12 months of insurance coverage on June 1, 2020. On December 1, 2020, Marigold Corp.collected $40,000 for consulting services to be performed from December 1, 2020, through March 31, 2021 3. A count of supplies op December 31, 2020, indicates that supplies of $700 are on hand. 2. Prepare the adjusting entries needed at December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 2. 3. A count of supplies on December 31, 2020, indicates that supplies of $700 are on hand. Prepare the adjusting entries needed at December 31, 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Account Titles and Explanation Credit No. Date 1 2 3. eTextbook and Media List of Accounts Save for Later